Approximately what percentage of the World Bank's loans go to developing nations in the East Asia/Pacific and South Asia regions combined?
A. 35%
B. 5%
C. 100%
D. 70%
Answer: A
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Liabilities are:
A. saving minus investment. B. anything of value one owns. C. the debts one owes. D. current income minus spending on current needs.
When a country loses its comparative advantage in the production of a good it:
A. should stop trading and become self-sufficient. B. will gain the comparative advantage in the production of another good. C. will become a loser in trade in the long run. D. will still have the absolute advantage in the production of the good.
The Coase theorem will hold only if:
A. the transactions costs are clearly identified and assigned. B. the contracts are enforceable. C. government will provide free mediation. D. None of these statements is true.
If an economy is producing inefficiently, it is
a. possible to increase production of all goods simultaneously. b. possible to increase production of one good at the expense of another. c. not possible to increase production of any good. d. not possible to increase economic growth. e. possible to increase production with no effort.