Friday, April 4, 2014

A student from an LDC going to college in England and then finding an executive position in the United States is an example of

brain drain.

______________________________ are not always welcome because there is a fear that they will gain too much political power.

Multinational corporations

Imagine that a country is having trouble paying its debts, and the International Monetary Fund arranges a longer time period in which the debt may be paid. This situation is an example of

debt rescheduling.

How can the Federal Reserve slow an expanding economy that is causing high inflation?

cut the money supply

What is one major argument against a constitutional amendment requiring a balanced budget?

It would make it hard for the government to respond to rapid changes in the economy.

What is an example of an international institution?

International Monetary Fund