Which segment of the World Bank funds the world's poorest countries—those unable to repay its standard loans—such as India, Pakistan, Bangladesh, Nigeria, and Ethiopia?
a. the International Finance Corporation
b. the International Bank for Reconstruction and Development
c. the International Development Association
d. the Multilateral Investment Guarantee Agency
c. the International Development Association
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Fiscal policy would be more effective if
A. potential income was unknown. B. the government could change taxes and expenditures rapidly. C. the size of the government debt didn't matter. D. crowding out occurred more often.
Suppose the government of a country wants to increase the aggregate demand of its economy by $10 billion at all price levels. However, it currently has a balanced budget with no surplus and is unwilling to borrow money to finance fiscal policy. The government could still accomplish its goal by increasing government purchases by ________ and increasing taxes by $10 billion.
A. $20 billion. B. $10 billion C. $15 billion. D. $5 billion
What is the threshold age for individuals to be considered as being in the "labor force" for statistical purposes?
A) 16 B) 18 C) 21 D) Over 21
A tax cut ________ disposable income, ________ consumption expenditure, and shifts the IS curve to the ________, everything else held constant
A) increases; increases; right B) increases; decreases; right C) decreases; increases; left D) decreases; decreases; left