What is the mission of the World Bank?
What will be an ideal response?
The World Bank, which was established after World War II, is charged with the mission of providing long-term loans for specific capital investment projects. In the past thirty years the bank is increasingly involved in financing projects that aim to reduce poverty.
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The demand for gasoline in the short run is
A) elastic because people can easily switch to public transportation. B) inelastic because there are very few good substitutes for gasoline. C) perfectly inelastic because people have no choice but to buy gasoline. D) unit elastic because people tend to consume a stable amount of gasoline per period.
When we say that money is a stock variable, we mean that
A) the quantity of money is measured at a given point in time. B) we must attach a time period to the measure. C) it is sold in the equity market. D) money never loses purchasing power.
Regulating firms so that they always receive a guaranteed profit rate will lead to greatest efficiency
a. True b. False Indicate whether the statement is true or false
The problem that results from an agent, who is imperfectly monitored by the principal, engaging in dishonest or otherwise undesirable behavior is called