What is the mission of the World Bank?
What will be an ideal response?
The World Bank, which was established after World War II, is charged with the mission of providing long-term loans for specific capital investment projects. In the past thirty years the bank is increasingly involved in financing projects that aim to reduce poverty.
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Classical economists think general equilibrium is attained relatively quickly because
A) the real interest rate adjusts quickly. B) the level of output adjusts quickly. C) the real wage rate adjusts quickly. D) the price level adjusts quickly.
Deficit financing tends to change the mix of output in the direction of more
A. Business sector goods. B. Public sector goods. C. International sector goods. D. Private sector goods.
A cartel is
A. generally legal in the United States. B. a group of firms acting under collusion to control output and maximize group profits. C. similar to a monopolistically competitive industry. D. a group of firms acting like a perfectly competitive industry.
Which of the following cities in NOT the location of a Federal Reserve Bank?
A. Salt Lake City B. Kansas City C. St. Louis D. San Francisco