The original mission of the World Bank was 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) provide a safe place for people around the world to put their money.
E) help countries manage their exchange rates.
C
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According to your authors, market clearing
A) is planned by all buyers. B) is planned by all sellers. C) is planned by all buyers and sellers. D) is planned by economists and government agencies. E) is an unintended consequence of people pursuing their own plans.
Other things equal, the supply of labor will be lower to a job that
a. offers less strenuous physical activity b. requires a supervisor to closely monitor employee performance c. allows for flexible work schedules d. offers free room and board e. is exciting due to slightly elevated risk
Common stock differs from preferred stock in that
a. common stock carries a guaranteed interest return b. preferred stock is only issued to the original creators of the corporation c. preferred stock is only issued to the largest investors in the corporation d. common stock carries the right to vote at shareholder meetings e. preferred stock carries the right to vote at shareholder meetings
Industrial machinery is an example of
a. a factor of production that in the past was an output from the production process. b. physical capital. c. something that influences productivity. d. All of the above are correct.