Approximately what percentage of the World Bank's loans go to developing nations in the the entire African continent?
A. 100%
B. 34%
C. 5%
D. 70%
Answer: B
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Given a desired reserve ratio of 20 percent, a commercial bank that has received a new deposit of $100 can make additional loans of
A) $0. B) $20. C) $80. D) $120.
Every government's set of policies used to govern their economy:
A. vary widely from one another, making international trade a simple process. B. vary widely from one another, making international trade sometimes difficult. C. are largely the same, making international trade a simple process. D. are similar in most respects, but different in a few areas, making international trade sometimes difficult.
Until recently, the drug maker Pfizer enjoyed a monopoly of the cholesterol-control drug Lipitor because of patent rights.
Answer the following statement true (T) or false (F)
If a country allows free trade and imports cars, then it is the case that the gains to domestic producers outweigh the losses to domestic consumers
a. True b. False Indicate whether the statement is true or false