Name the two international institutions that have been formed to attain higher rates of global economic growth and briefly discuss what each of the agencies does
What will be an ideal response?
There are two agencies, the World Bank and the International Monetary Fund. The World Bank specializes in making long-term loans for capital investment projects in developing countries that otherwise might not receive private financial support. The International Monetary Fund promotes global economic growth by fostering financial stability in developing countries.
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If an average cost pricing rule is imposed on the natural monopoly shown in the figure above, then it will produce
A) 2 million units. B) 3 million units. C) 4 million units. D) 5 million units.
Assuming perfect asset substitutability, can sterilized intervention by the central bank be effective? Please discuss
What will be an ideal response?
Balanced growth occurs when
A) the economy is in steady state. B) the growth rates for the capital-labor ratio and real GDP per worker are the same. C) total factor productivity and capital accumulation each account for the same amount of growth in labor productivity. D) nations converge to the same level of real GDP per worker from equal increases in total factor productivity.
A tripling of foreign aid would come close to curing global poverty
Indicate whether the statement is true or false