The primary function of the World Bank is to:
a. lend money to the World Trade Organization.
b. provide loans to countries experiencing huge budget deficit.
c. finance economic development in poor countries.
d. assist countries experiencing balance of payments deficits.
e. finance the fiscal stabilization program of the U.S. government.
c
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According to the scenario above, in which of the following groups are all the people cyclically unemployed?
A) Jung B) Darrelo C) Jung and Rita D) Jung and Thorton E) Thorton
Which of the following countries does not come close to the free market benchmark?
A) Cuba B) Japan C) the United States D) France
Which of the following best expresses the payment a lender receives for lending money for three years?
A. PV/(1 + i)3 B. 3PV C. FV/ (1 + i)3 D. PV/(1+i)3
Which statement is true?
A. Direct taxes cannot be regressive. B. Progressive taxes are always direct. C. The federal personal income tax is more progressive than the Social Security tax. D. None of these statements are true.