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Question
Which of the following is true of the supporters of debt relief for HIPCs?
A) They argue that free trade alone is sufficient to bring HIPCs out of poverty.
B) They argue that new democratic governments should be forced to honor debts incurred by previous corrupt predecessors.
C) They include Bono, the Dalai Lama, and Jeffrey Sachs among their ranks.
D) They are working against the policies of the IMF and World Bank.
Answer
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Related questions
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A firm s ability to establish a centralized depository that can serve short-term cash needs might be limited by government-imposed restrictions on capital flows across borders.
⊚ true
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Most subsidiaries of an international business operate in uniform environments.
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Performance of international subsidiaries depends on the transfer price set up by the corporation.
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A _____ between two countries is an agreement specifying which items of income will be taxed by the authorities of the country where the income is earned.
A) tax deferral agreement
B) fixed-rate treaty
C) tax treaty
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Multilateral netting is used primarily to
A) reduce transaction costs between subsidiaries.
B) avail tax credit from governments.
C) establish a tax treaty among multiple countries.
D) reduce the fixed costs of establishing a subsidiary.
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By pooling cash resources centrally, firms can
A) better handle short-term cash needs of subsidiaries.
B) increase liquidity of independent subsidiaries.
C) reduce the total size of the cash pool it must hold in liquid accounts.
D) avoid government-imposed restrictions on capital flows.
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Pooling the cash of all the subsidiaries centrally
A) lowers the interest rate earned.
B) reduces the earning potential for firms.
C) increases the interest rate paid.
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Money management decisions attempt to manage the firm s _____ most efficiently.
A) cash flow
B) corporate expenses
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D) corporate revenues
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A) does not penalize either distant or early cash flows enough.
B) penalizes distant cash flows too heavily.
C) does not penalize early cash flows enough.
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_____ is the technique financial managers use to try to quantify the benefits, costs, and risks of an investment.
A) Capital budgeting
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Capital budgeting for a foreign project
A) begins with an audit of the current cash flows.
B) is vastly different from domestic capital budgeting.
C) begins with converting all cash flow to Eurocurrency.
D) uses the same theoretical framework that domestic capital budgeting uses.
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_____ occurs when high-cost domestic producers are replaced by low-cost producers within the free trade area.
A) Trade deficit
B) Trade diversion
C) Trade creation
D) Trade distortion
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A political benefit of economic integration is that it
A) enables participants to achieve gains from the free flow of trade.
B) enables participants to achieve gains from the free flow of investment.
C) allows countries to specialize in the production of goods and services that they can produce most efficiently.
D) reduces the potential for violent conflict and war.
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_____ eliminates trade barriers between member nations, adopts a common external policy, and permits factors of production to move freely between member countries but it also requires a common currency, harmonization of members tax rates, and a common monetary and fiscal policy.
A) A free trade area
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Which of the following is a reason the European Union is considered an imperfect economic union?
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Political turmoil and tribalism in several African nations has persistently impeded any meaningful progress in economic integration.
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⊚ true
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Which of the following established the second largest currency zone in the world?
A) Treaty of Rome
B) Maastricht Treaty
C) Treaty of Lisbon
D) Single European Act
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The United States, Canada, and Mexico are member nations of
A) CAFTA.
B) Mercosur.
C) the Andean Pact.
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A) Sudan
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B) give up national control over monetary policy.
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D) maintain their own currency in parallel to the euro.
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A) an optimal currency area
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⊚ true
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What is a drawback of a just-in-time system?
A) Transport costs are high when using a just-in-time system.
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C) It increases the warranty costs associated with products.
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B) insourcing.
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D) co-sourcing.