The original mission of the World Bank was to
A) provide capital to underdeveloped countries.
B) provide capital to firms around the world.
C) provide financial assistance for the reconstruction of war-damaged nations.
D) provide a safe place for people around the world to put their money.
E) help countries manage their exchange rates.
Question 2 - Which statement best describes U.S. tariff history between 1800 and 1940?
A) Tariffs were relatively high throughout, especially during wars, with peaks in 1828 and 1930.
B) Tariffs were relatively low throughout, especially during wartime.
C) Tariffs were relatively high throughout, especially during wars, with lows in 1828 and 1930.
D) None of the above.
Question 3 - Large countries tend to be more open than small countries.
Indicate whether the statement is true or false
Question 4 - Which of the following is FALSE concerning the long run?
A) Economists believe that fiscal and monetary policies have no permanent effects on the economy.
B) Economists more or less agree that the economy tends to fluctuate around the level that is consistent with full employment.
C) In the long run, the unemployment rate returns to its normal level.
D) The current account must tend toward balance in the long run.
E) None of the above.
Quick Reply
