The World Bank:
A. is also known as the International Monetary Fund (IMF).
B. lends money to developing nations for basic infrastructure projects such as dams,
irrigation, health and sanitation, communications, and transportation.
C. is an affiliate of the World Trade Organization (WTO).
D. provides subsidies to private firms so they can improve their wages and working
conditions.
B. lends money to developing nations for basic infrastructure projects such as dams,
irrigation, health and sanitation, communications, and transportation
You might also like to view...
Two companies, Dirty Inc. and Filthy Inc., each of which has access to 5 different production processes, each of which has a different cost and produces a different amount of pollution. The daily costs of the processes and the number of tons of smoke emitted are shown in the table below.Process(smoke/day) A(4 tons/day) B(3 tons/day) C(2 tons/day) D(1 ton/day) E(0 tons/day) Cost to Dirty Inc. ($/day) $110$200$380$740$1,460 Cost to Filthy Inc. ($/day) $400$430$490$580 $700If the City Council imposes a tax of $91 per day on each ton of smoke emitted, then what will be the total cost to society of the resulting reduction in pollution?
A. $180 B. $360 C. $90 D. $270
A firm's _______ contains all combinations of inputs and outputs that the firm can achieve using efficient production methods.
A. production possibilities set B. efficient production frontier C. production function D. production possibilities curve
The table below shows a competitive firm's short-run production function. Labor is the firm's only variable input, and market price for the firm's product is $2 per unit.
If the wage rate is $200, how many units of labor will the firm employ?
A. 3 B. 4 C. 5 D. 6 E. 0, the firm shuts down
Refer to the diagram, in which solid arrows reflect real flows; broken arrows are monetary flows. Flow (3) might represent:
A. government salaries paid to school teachers.
B. property tax payments.
C. a state university's purchase of computers.
D. social security payments to retirees.