What Was the Initial Primary Role of the World Bank

question 47

Multiple Choice

What was the initial primary role of the World Bank?

• A) To aide in the reconstruction of Europe after World War II
• B) To help eradictate communicable diseases
• C) To try to avoid a repetition of the disastrous economic policies that had contributed to the Great Depression.
• D) To deal primarily with tariff negotiations
• E) To provide loans and take equity position in private companies

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Definitions:

Indifference Curves

Graphs showing different bundles of goods between which a consumer is indifferent, highlighting preferences.

L-shaped

Can refer to a type of economic recession and recovery that resembles the shape of the letter "L", indicating a steep decline followed by a period of stagnation.

Kinks

Points at which there is a sudden change in direction or curve, often used in economics to describe non-linearities in graphs like the demand curve.

Indifference Curves

Graphical representations in microeconomics that illustrate different bundles of goods between which a consumer is indifferent, showing levels of utility.