Why Was the International Development Association Created? What Is the Purpose

question 54

Essay

Why was the International Development Association created? What is the purpose of the IDA? Do you think its loan guidelines are fair? Why or why not?

Understand the role of taxes in addressing externalities and funding public services.

Identify the sources of government revenue and the biggest expenditure programs.

Understand the principles of tax efficiency and factors that contribute to efficient tax systems.

Comprehend how taxes affect consumer surplus and the generation of deadweight loss.

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Definitions:

Minimum-Wage Service Jobs

Employment positions that pay the lowest legal allowable wage and are typically found in the service sector, such as in fast food restaurants and retail stores.

Barbara Ehrenreich

An American author and journalist known for her works on social issues, including "Nickel and Dimed," which explores the impact of low-wage work in America.

Move Up

An idiomatic expression referring to the process of advancing or making progress, either in one's career, social status, or life in general.

Knowledge Worker

An individual whose primary job involves the creation, distribution, or application of knowledge, often working in fields such as technology, finance, and education.