The _____ Are Often Called the Bretton Woods Institutions

question 30

Multiple Choice

The _____ are often called the Bretton Woods Institutions.

• A)Asian Development Bank and EBRD
• B)Inter-American Development Bank and AFDB
• C)World Trade Organization and GATT
• D)World Bank and the IMF
• E)West African Development Bank and BDEAC

---

Definitions:

Natural Gas

A fossil fuel used primarily for heating, cooking, and electricity generation, consisting mainly of methane.

Government Savings Bond

A low-risk investment product issued by a government, offering a fixed rate of interest over a specified period.

Scarcity

The essential economic issue revolves around the apparent infinite desires and necessities of humans in a world where resources are finite.

Absolute Advantage

The ability of an individual or country to produce more of a certain good compared to another individual or country using the same amount of resources.