The Soviets Refused to Join the World Bank and the International

question 24

Multiple Choice

The Soviets refused to join the World Bank and the International Monetary Fund because

• A) the United States dominated both institutions.
• B) they could not afford the contribution required to become a member.
• C) both organizations had refused to lend money to the Soviet government.
• D) both institutions provided funds to anticommunist rebels inside the Soviet Union.

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Definitions:

Total Revenue

The total amount of money generated by a company from its business activities, before any expenses are subtracted.

Fixed Costs

Expenses that do not change with the level of production or sales in the short term, such as rent, salaries, and insurance.

Variable Costs

Costs that vary directly with the level of production or sales, such as materials and labor.

Corporate Tax Rate

The percentage of a corporation's profits that is paid to the government as tax.