Which of the following makes short-term conditional low-interest loans to LDCs?
A. World Bank
B. Agency for International Development (AID)
C. Agency for International Finance (AIF)
D. International Monetary Fund (IMF)
Answer: D
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Petroleum is an example of a nonrenewable resource
a. True b. False Indicate whether the statement is true or false
Spending on new capital goods, new homes, and the addition of unsold goods to company inventories is included in:
A. service spending. B. investment spending. C. government purchases. D. consumption expenditures.
A firm is experiencing ________ on the upward-sloping portion of a firm's long run average cost curve.
A. constant returns to scale B. increasing returns to scale C. decreasing returns to scale D. diminishing marginal returns
In the Keynesian model of an open economy, a temporary decrease in government purchases would ________ the domestic real interest rate and ________ net desired saving (desired saving less desired investment) in the economy
A) lower; increase B) lower; decrease C) raise; increase D) raise; decrease