A primary goal of the World Bank is to:
A. work out repayment plans for developing countries with large international debt.
B. finance private investment projects around the world.
C. negotiate trade agreements between nations.
D. channel low-interest loans to developing countries to foster economic growth.
Answer: D
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The existence of counterparty risk
A) has no effect on the contracting parties. B) is disallowed under current government regulations. C) results in information costs for buyers and sellers when analyzing the potential creditworthiness of potential trading partners. D) reduces the risk introduced by forward contracts.
Which of the following is least accurate?
a. In 2007, the United States imports significantly more than it exports. b. Tariffs from imported goods accounted for over 90% of federal government revenue for the first 80 years of the United States. c. The largest trading partner of the colonial United States was England. d. In the late 1800s the US significantly increased its imports of raw materials to fuel its increased production of manufactured goods. e. During the Napoleonic War, the United States' exports decreased significantly because the war disrupted trade routes.
The curve in the above figure will shift to the right when
A. the proportion of the population that is elderly increases. B. population falls. C. labor productivity increases. D. the price level falls.
Import restriction in advanced economies deny developing economies access to the food market of the advanced economies. The result is ________ price and ________ farm production in the developing economies
A) lower; larger B) lower; smaller C) higher; smaller D) higher; larger E) stable; smaller