Which of the Following Organizations Makes Loans for Economic Recovery

question 1

Multiple Choice

Which of the following organizations makes loans for economic recovery and development?

• A) World Bank
• B) International Monetary Fund
• C) General Agreement on Tariffs and Trade
• D) International Trade Organization

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Definitions:

Invisible Hand

A term coined by economist Adam Smith to describe the unintended social benefits resulting from individual actions when they pursue their own interests in a free market.

Childcare Center

A facility that provides care and education for young children, often including activities designed to promote their physical, social, and cognitive development.

Society's Interests

The collective well-being and preferences of a community or nation, which may encompass economic prosperity, environmental sustainability, and social justice.

Coordination Problem

A coordination problem occurs when parties involved in an economic activity struggle to choose their strategies in a manner that leads to an optimal outcome for all due to a lack of information or a misalignment of incentives.