The World Bank obtains the funds it lends by:
a. selling bonds on the international bond market.
b. selling bonds to countries it has loaned funds to.
c. collecting each country's annual membership fee or quota.
d. levying a small tax on every foreign exchange conversion worldwide.
e. depending on voluntary subsidies from member nations.
a
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Suppose that you borrow $10,000 for one year, and at the end of the year, you must repay $10,450. The interest rate is
A) 14.5 percent. B) 8.0 percent. C) 4.5 percent. D) 2.7 percent.
A profit-maximizing firm will always operate at that output at which _______ is equal to ________.
Fill in the blank(s) with the appropriate word(s).
The production possibilities curve has:
A. a positive slope that increases as we move along it from left to right. B. a negative slope that increases as we move along it from left to right. C. a negative slope that decreases as we move along it from left to right. D. a negative slope that is constant as we move along it from left to right.
Explain why even small changes in the rate of economic growth are significant. Use the “rule of 70” to demonstrate the point.
What will be an ideal response?