The primary mission of the World Bank today is to
A) provide capital to underdeveloped countries.
B) provide capital to firms around the world.
C) provide financial assistance for the reconstruction of war-damaged nations.
D) help countries manage their exchange rates.
A
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One major component of money supply M1, demand deposits, is part of a bank's
A. net worth. B. liabilities. C. reserves. D. assets.
The United States is called a debtor nation because
A) it has a large current account deficit and is simultaneously funded by foreign investment. B) it has a large balance of payments deficit that is used to fund the current account deficit. C) U.S. capital outflows are much greater than U.S. capital inflows. D) it has a large financial account deficit that is used to fund the current account deficit.
The assumption of diminishing returns in the Heckscher-Ohlin model means that, unlike in the Ricardian model, it is likely that
A) countries will not be fully specialized in one product. B) countries will benefit from free international trade. C) countries will consume outside their production possibility frontier. D) comparative advantage will not determine the direction of trade. E) global production will decrease under trade.
If the dollar price of euros is lower than the equilibrium price, there will be an excess quantity of euros ____ at that price, and competition among euro ____ will push the price of Euros toward equilibrium. a. supplied, sellers
b. supplied; buyers. c. demanded; sellers. d. demanded; buyers.