A Small Country Has Applied for Membership in an Economic

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) microfinance.
C) conditionality.
D) neoliberalism.
E) export-oriented adjustment.