Question

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.neoliberalism.c.microfinance.d.export-oriented adjustment.e.conditionality.

Answer 1

The answer is letter E. Conditionality

Step-by-step explanation:

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__conditionality________.