Economic Development — Unit test Answers
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Read this excerpt describing the mission of the World Bank.The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense. Instead, it plays a different but supportive role in its mission of global poverty reduction and the improvement of living standards.It provides low-interest loans, interest-free credit, and grants to developing countries for education, health, infrastructure, communications, and many other purposes.
A
The World Bank is a source of financial assistance.B
The World Bank aims to improve living standards.C
The World Bank provides low-interest loans and credit.D
The World Bank serves people of different income levels.
23
Which group primarily helps settle trade disputes?
A
European UnionB
World Trade OrganizationC
Association of Southeast Asian NationsD
North American Free Trade Agreements24
What role does competition play in international trade?
A
It results in higher prices.B
It discourages imports.C
It drives down prices for consumers.D
It does away with the need for investment.25
"GDP per capita" means that the GDP is calculated per
A
country.B
day.C
dollar.D
person.Did you find these answers helpful?
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