The World Bank Is an Example of A(n) ____, Supported

question 92

Multiple Choice

The World Bank is an example of a(n) ____, supported by industrialized nations, including the United States.

• A) Eximbank
• B) IMF
• C) MDB
• D) EFTA
• E) LAFTA

---

Definitions:

Market Equilibrium

The condition where the quantity of a good or service demanded equals the quantity supplied, resulting in no incentive for price to change.

Output Level

The quantity of goods or services produced by a business within a given period.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; in other words, every good or service is produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing it.

Long-Run

A period of time in economics during which all factors of production and costs are variable, allowing for complete adjustment to changes.