The World Bank is an international organization that
A) promotes the growth of trade by setting rules for how tariffs and quotas are set by countries.
B) makes loans to countries to finance projects such as dams and roads.
C) makes loans to countries with balance of payment difficulties.
D) helps developing countries that have been having difficulties in repaying their loans to come to terms with lenders in the West.
B
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We know that the minimum wage causes unemployment. So, why does the government impose one?
What will be an ideal response?
In the United States, when the outflow of dollars to pay for our imports of goods from Japan exceeds the inflow of dollars earned by our exports to Japan, typically
a. the dollar appreciates b. the United States can buy back some of its assets that are held by the Japanese c. this is merely a statistical discrepancy because the trade with Japan (exports and imports) must net out to zero d. the United States can use its reserves of yen to cover the difference e. the Japanese can borrow the needed dollars through the foreign exchange market
A point lying inside (under) a production possibilities curve indicates that
a. the economy is saving money. b. there are no associated opportunity costs. c. more output could be produced with existing resources. d. technology limits production.
A firm's technology may depend on which of the following factors?
A) the skill of its managers B) the training of its workers C) the speed and efficiency of its equipment D) all of the above