Where does the World Bank get its funds?
A. from tariffs collected on goods traded internationally
B. from governments of the wealthiest nations and from private financial markets
C. from printing its own money
D. from seizing dead capital in developing nations and selling it at auction
Answer: B
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A decrease in the price of the output produced by labor will:
A. decrease the supply of labor. B. increase the demand for labor. C. decrease the demand for labor. D. increase the supply of labor.
Studies by economists have tended to show that countries with more independent central banks have
A) lower unemployment. B) more inflation. C) higher unemployment. D) less inflation.
To an economist, ________ is anything that is generally accepted in payment for goods and services or in the repayment of debt
A) wealth B) income C) money D) credit
A change in the wage causes a shift in the supply curve for labor and a
A) shift along the demand curve for labor. B) shift in the demand curve for labor. C) rotation in the demand curve for labor. D) It cannot be determined by the information provided.