The IMF and the World Bank Together Are Called

question 48

Multiple Choice

The IMF and the World Bank together are called

• A) Bretton Woods Institutions.
• B) World Economic Institutions.
• C) World Trade Institutions.
• D) International Institutions.

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Definitions:

Deadweight Loss

An economic inefficiency that occurs when there is a difference between the supply and demand equilibrium caused by market distortions, resulting in loss of economic efficiency.

Surcharge

An additional charge, tax, or cost added to the usual cost or to the price of a transaction.

Professional Basketball Game

An organized, competitive basketball contest played by professionals in a league, often characterized by high skill levels and entertainment value.

Deadweight Loss

A loss in economic efficiency that can occur when the equilibrium for a good or service is not achieved or is unattainable.