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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The age-earnings cycle is an earnings profile of an individual throughout the person's lifetime. The profile shows that
A) earnings usually peak at age 25 and then decline. B) earnings gradually rise until they peak around age 50. C) earnings and age have no particular correlation. D) younger workers have the most productivity.
A point on the frontier of the production possibilities curve is:
A. attainable and the economy is efficient. B. unattainable and the economy is inefficient. C. unattainable, but the economy is efficient. D. attainable, but the economy is inefficient.