Author Question: The 1980s and 1990s Third World debt crisis forced many developing nations to implement IMF-designed ... (Read 88 times)

soccerdreamer_17 · **on:** Jul 9, 2018

The 1980s and 1990s Third World debt crisis forced many developing nations to implement IMF-designed economic austerity programs. Which of the following measures is NOT part of the standard IMF austerity program?

a. Reducing government spending and deficits
b. Devaluing the currency
c. Reducing the size of the armed forces
d. Privatizing state enterprises

Question 2

Which of the following is a significant problem with increased trade between developed and developing countries?

a. The prices of commodities exported have risen more slowly than the prices of manufactured goods imported.
b Developing nations controlled by right-wing governments are increasingly anti-trade.
c. Developing nations controlled by left-wing governments are increasingly anti-trade.
d. None of the above is true.