The IMF Has Been Criticized Because of All of the Following

question 70

Multiple Choice

The IMF has been criticized because of all of the following reasons except:

• A)it has a "one-size-fits-all" approach to macroeconomic policy is inappropriate for many countries.
• B)its rescue efforts are exacerbating a problem known to economists as moral hazard.
• C)it has become too powerful for an institution that lacks any real mechanism for accountability.
• D)its lax macroeconomic policies in the Asian crisis were not well suited to countries suffering from a private sector debt crisis with deflationary undertones.

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Definitions:

Factory Labor

The workforce involved in the manufacturing process, whose wages are considered direct costs to the production of goods.

Job Order Cost System

An accounting system that accumulates costs by individual jobs, used in industries where goods are produced to customer specifications.

Personal Computers

Electronic devices designed for individual use, typically offering a range of applications and internet access.

Requisitions

Requests or demands for the use or purchase of supplies or equipment within an organization.