1. Special drawing rights are not

1. 1. a credit line allocated by the IMF to member countries according to each country's quot(a)

   
   
   

   2. backed by US dollars.

   
   
   

   3. the IMF's unit of account.

   
   
   

   4. a basket of four currencies.

   
   
   

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1. View Hint View Answer Discuss in Forum

   backed by US dollars.

   Correct Option: B

   backed by US dollars.

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2. In which one of these countries do less than 10% say national economic conditions are good ?

1. 1. Malaysia

   
   
   

   2. Greece

   
   
   

   3. Bolivia

   
   
   

   4. Australia

   
   
   

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1. View Hint View Answer Discuss in Forum

   Greece

   Correct Option: B

   Greece

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3. If the actual unemployment rate is below the natural rate of unemployment, it would be expected that :

1. 1. the rate of inflation would increase

   
   
   

   2. the Phillips curve would shift to the left

   
   
   

   3. wages would fall

   
   
   

   4. the natural rate of unemployment would fall

   
   
   

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1. View Hint View Answer Discuss in Forum

   the rate of inflation would increase

   Correct Option: A

   the rate of inflation would increase

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4. What is happening with the import of Chinese toys in India?

1. 1. Indian toys are selling more

   
   
   

   2. Indian consumers are buying less

   
   
   

   3. Indian consumers are getting more choice at cheaper rates

   
   
   

   4. Chinese consumers are falling short of choice

   
   
   

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1. View Hint View Answer Discuss in Forum

   Indian consumers are getting more choice at cheaper rates.

   Correct Option: C

   Indian consumers are getting more choice at cheaper rates.

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5. The largest tax collected at the federal government level is the :

1. 1. income tax

   
   
   

   2. sales tax

   
   
   

   3. property tax

   
   
   

   4. Social security tax

   
   
   

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1. View Hint View Answer Discuss in Forum

   income tax

   Correct Option: A

   income tax

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