International trade financing is dominated by:
a. the U.S. Agency for International Development.
b. private export-import agencies.
c. the World Bank.
d. the IMF.
e. commercial bank syndicates.
e
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The growth rate in the autonomous factor (a) in the production function can be directly influenced by all of the following EXCEPT
A) environmental legislation. B) support for research and development. C) subsidies for education. D) initiation of tax indexation.
Suppose the government has imposed a price floor on the market for soybeans. Which of the following events could transform the price floor from one that is not binding into one that is binding?
a. Farmers use improved, draught-resistant seeds, which lowers the cost of growing soybeans. b. The number of farmers selling soybeans decreases. c. Consumers' income increases, and soybeans are a normal good. d. The number of consumers buying soybeans increases.
During World War II, the U.S. government increased spending:
A. by less than it raised taxes. B. by more than it raised taxes. C. by the same amount as it raised taxes. D. but did not increase taxes.
A decrease in aggregate demand, all other things unchanged, will generate _______ in potential output and _______ in the price level.
A. an increase; no change B. a decrease; no change C. no change; an increase D. no change; a decrease