A multinational organization dedicated to providing financial and technical assistance to developing countries is called the:
A. World Trade Organization.
B. United Nations Development Plan.
C. World Bank.
D. International Monetary Organization.
Answer: C
You might also like to view...
The exchange rate system agreed to in 1944, in which the U.S. government agreed to buy or sell gold at a fixed price of $35 per ounce, is referred to as
A) the Bretton Woods System. B) the gold standard. C) a flexible exchange rate system. D) a floating currency standard.
Using cross-sectional data from the two Housing Assistance Supply Experiment (HASE) sites—Brown County, Wisconsin, and St
Joseph County, Indiana—John Mulford of Rand Research estimates the long-run "permanent" income elasticity of housing expenditures to be 0.45 for owners. Using this information, what is likely to happen to housing expenditures if the government increases income transfers to recipients in HASE sites? A) Housing expenditures will decrease by a small amount. B) Housing expenditures will increase significantly. C) Housing expenditures in HASE sites will fall significantly as recipients move out of these areas to higher-income areas. D) Housing expenditures will increase, but not significantly.
An increase in interest rates will cause investment to
A) increase. B) decrease. C) not change. D) move erratically, depending on the interest rate effect on saving.
A financing gap is:
A. the difference between the savings rate within an economy and the amount of investment needed to achieve sustainable growth. B. the extra savings a country has beyond that needed to achieve sustainable growth. C. the difference in the amount of investment dollars coming in to a country and the amount of investment dollars going out of a country. D. the extra investment developing countries need in foreign aid to sustain their current rate of growth.