The Concept of "Institution Building" Is Becoming More Prominent

question 3

Multiple Choice

The concept of "institution building" is becoming more prominent.Which of the following best describes the aim of institution building?

• A)In Canada,for example,the strengthening of existing financial institutions is key to the country's economic well-being.
• B)Canada's aid to developing countries is being focused on creating the economic institutions,such as a central bank,that are key to a country's economic growth.
• C)The rich,developed countries focus their assistance to developing countries on creating stable political infrastructures.
• D)The rich,developed countries focus on the success of institutions that are global in nature,such as the United Nations,The World Bank and the International Monetary Fund.

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Definitions:

Implied Warranty

A legal assumption in commerce that the goods or services sold meet certain quality standards, even if not explicitly stated by the seller.

Assignment

The transfer of rights, property, or obligations from one party to another.

Consideration

Something of value exchanged between parties to form a binding contract.

Assignment

The transfer of rights or responsibilities from one party to another, typically in a contractual context.