Where does the World Bank get its funds?
A) from selling internal reports to the public
B) from tariffs collected on goods traded internationally
C) from governments of the wealthiest nations and from private financial markets
D) from seizing dead capital in developing nations and selling it at auction
C
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John has to choose between two jobs: one that offers him $50 per hour and one that offers him $35 per hour. The opportunity cost of choosing the job that offers him $50 per hour is:
A) $1.5 per hour. B) $15 per hour. C) $35 per hour. D) $85 per hour.
Behavioral economists:
A. rely primarily on data drawn from the real world. B. rely primarily on experimental data. C. often arrive at unreasonable conclusions about consumer welfare. D. avoid mathematical models of behavior, as they do not adequately describe real world actions.