A multinational agency that specializes in making loans to a larger number of developing nations to promote long-term development and growth is
A) the International Bank.
B) the World Bank.
C) the International Monetary Fund.
D) the World Monetary Fund.
B
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With a given level of GDP, a decrease in the size of population would cause:
A) GDP per capita to decrease. B) life expectancy to decrease. C) GDP per capita to increase. D) life expectancy to increase.
The increase in welfare in both countries that results from specialization and trade is called:
A. surplus enhancement. B. exportation surplus. C. gains from trade. D. deadweight gain.
In one day Madison Laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. What was its productivity?
a. 4000 pounds of laundry b. 500 pounds of laundry per hour c. 100 pounds of laundry per hour d. None of the above is correct.
Which of the following countries had the smallest share of exports as a percentage of GDP in 2011?
A. Canada B. France C. United Kingdom D. United States