The World Bank primarily engages in
A. long-term lending aimed at helping developing nations' governments and businesses make investments that will contribute to economic growth.
B. short-term lending aimed at helping developing nations repay debt accumulated in past years.
C. short-term lending aimed at helping developing nations repay loans from the International Monetary Fund.
D. long-term lending aimed at helping developing nations' governments and central banks keep exchange rates from varying.
Answer: A
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Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Mia's opportunity cost of producing one hair pin is
A) 1/3 of a bandana. B) 2.5 bandanas. C) 3 bandanas. D) 10 bandanas.
Refer to Figure 7.1. Suppose the city passes an ordinance banning loud music, and this directly impacts Angus's legal ability to play his bagpipes
If Angus continues to play the bagpipes and Dudley calls the police, the payoffs in the appropriate cell in the payoff matrix would change to A) N/A. B) 550, 100. C) 100, 550. D) The payoffs would not change.