The World Bank
A) extends long-term loans for capital investment projects to developing nations.
B) mediates contracts regarding minimum prices for various globally-traded commodities.
C) determines the labor force participation rate in each of its member nations.
D) determines the price level in each of its member nations.
A
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If there are approximately 8,000 barrels of known reserves of oil, annual consumption of oil is 500 barrels,
and it is estimated that the supply of oil will be depleted in 30 years, how many barrels of unknown reserves of oil are there estimated to be, all else equal? A) 1,333 B) 7,000 C) 12,000 D) 48,000
The three main monetary policy tools used by the Federal Reserve to manage the money supply are
A) interest rates, tax rates, and government spending. B) open market operations, discount policy, and reserve requirements. C) tax rates, government purchases, and government transfer payments. D) open market operations, the exchange rate of the dollar against foreign currencies, and government purchases.