Which of the following statements is TRUE about the success of the World Bank?
A) The World Bank has been successful because it has focused on its primary function of making loans to governments.
B) The World Bank has not been successful because it has focused on making loans to governments where there has been a loss of confidence in a nation's financial system.
C) The World Bank has not been successful because many loans have been made to countries that can attract private funds.
D) The World Bank has been very successful in promoting economic growth because loans have been primarily made to countries that have trouble attracting private funds.
C
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The demand for Dell laptops is more price elastic than the demand for laptops as whole. This is best explained by
a. There are fewer substitutes for Dell laptops than for laptops as whole b. There are more substitutes for Dell laptops than for laptops as whole c. Dell laptops are luxurious goods d. Dell laptops are a necessity
The benefits-received principle of taxation is:
A. The basis for the gasoline tax B. Easy to apply because benefits received are conveniently measurable C. Applied in income-redistribution programs D. The principle behind the income tax system