The international agency that lends money to DVCs for economic development projects is the:
A. World Bank.
B. International Monetary Fund (IMF).
C. World Trade Organization (WTO).
D. World Credit Union.
B. International Monetary Fund (IMF).
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Marginal revenue is the addition to a firm's revenue from
a. a $1 change in price. b. a one-unit change in output. c. the sale of inferior output. d. a $1 reduction in marginal cost.
The U.S. president who referred to inflation as "public enemy number one" was
a. Richard Nixon. b. Gerald Ford. c. Jimmy Carter. d. Ronald Reagan.
Use the figure to calculate the income elasticity of demand when income increases from $25,000 to $30,000:
A. -1.10 B. 0.1818 C. 1.10 D. 0.20 E. -0.10
Which of the following will reduce the supply of motorcycles?
A. An increase in the population age 16 to 35, the primary consumers of motorcycles. B. An increase in taxes imposed on motorcycle producers. C. A technological improvement reducing the production costs of motorcycles. D. A government study that reveals motorcycle riders, on average, live 10 years longer than those who don't ride motorcycles.