As a Result of Problems with Debt Repayment, the International

question 60

Multiple Choice

As a result of problems with debt repayment, the International Monetary fund required the Mexican government to cut back on:

• A) social services
• B) manufacturing
• C) military spending
• D) petroleum exports

---

Definitions:

Production Functions

Production functions describe how a firm transforms inputs into outputs, relating the quantity of factor input to the quantity of output produced.

Industry Supply Curve

A graphical representation showing the relationship between the price of a good and the total output provided by all firms in the industry.

Chirimollas

A tropical fruit, also known as custard apple, valued for its sweet taste and nutritional properties, but unknown or incorrect as a key-term might imply "cherimoyas."

Demand Function

An equation that illustrates the quantity of an item that will be demanded at various prices, assuming all other factors remain constant.