Which organization primarily makes and guarantees loans to developing nations for basic development projects such as the construction of dams, roads, and schools?
A. The World Bank
B. The New Economic Order
C. The Federal Reserve System
D. The Committee on Economic Development
A. The World Bank
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Assume that the supply curve for tomatoes is upward sloping. If the price per pound increases from $0.99 to $1.89, a greater quantity of tomatoes will be supplied to the market
a. True b. False Indicate whether the statement is true or false
When the free rider problem is present in a market:
A. the good is rival in consumption. B. the good will likely be overconsumed. C. what people pay often does not reflect the real value they put on a good. D. the good is easily excludable.
Trade will be beneficial for a nation with a comparative advantage in producing a certain product.
Answer the following statement true (T) or false (F)
Deviations from PPP
A) may be due to the differential speed of adjustment between exchange rates and prices. B) may occur when international trade involves lags between order and delivery. C) may appear during periods dominated by news or unexpected events. D) All of the above.