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A Small Country Has Applied for Membership in an Economic

Question 5

Multiple Choice

A small country has applied for membership in an economic union.Before membership is granted,the ruling body of the union requires that the applicant state reduce its budget deficit to a specific percentage of GDP.This type of arrangement could be classified as


A) structural reform.
B) conditionality.
C) neoliberalism.
D) export-oriented adjustment.

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