In market economies, governments maximize the role of state-owned enterprises, which makes them more likely to impose wage and price controls.
a. True
b. False
The dawn of globalization can be traced back to the ________ century.
a. 16th
b. 21st
c. 20th
d. 15th
e. 18th
OECD refers to which of the following?
a. OPEC Equal Country Development
b. Organization for Economic Cooperation and Development
c. Organization for Excellent Country Diversity
d. Outside Economic Country Development
e. Outside Economic Country Diversity
Which of the following is NOT a developmental institution closely associated with the World Bank?
a. IFC
b. IBRD
c. MIGA
d. OEDC
e. IDA
The International Development Association performs which of the following functions?
a. Provides political risk coverage for private investments made in developing countries
b. Works on issues related to foreign investment disputes
c. Provides long-term low-interest social sector and infrastructure loans to the poorest members utilizing foreign aid funds provided by rich nation members
d. Supports reconstruction and restructuring of member countries utilizing funds raised in international capital markets
e. Provide loans and take equity position in private companies of developing countries and works toward developing capital markets in those economies
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Factor price equalization is a theory of international trade that supports the premise that a nation could only gain from trade if it had a trade surplus.
a. True
b. False
________ is a theory of international trade that supports the premise that a nation could only gain from trade if it had a trade surplus.
a. Theory Y
b. Factors of production
c. Mercantilism
d. Theory X
e. Theory Z
At the end of WWII, three...