The Figure Below Shows the Demand (D) and Supply (S)

question 59

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-The primary function of the World Bank is to:

• A)lend money to the World Trade Organization.
• B)provide loans to countries experiencing huge budget deficit.
• C)finance economic development in poor countries.
• D)assist countries experiencing balance of payments deficits.
• E)finance the fiscal stabilization program of the U.S. government.

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Definitions:

Productivity

The measure of the efficiency of production, often defined as the ratio of output produced to inputs used.

Net Exports

The value of a country's total exports minus its total imports, reflecting the balance of trade.

Capital Deepening

An increase in the amount of capital per worker; one source of rising labor productivity.

Capital Per Worker

A ratio measuring the amount of capital available to each worker, often used as an indicator of labor productivity.