The Policies of Organizations Such as the World Bank and the International

question 24

Multiple Choice

The policies of organizations such as the World Bank and the International Monetary Fund have been criticized because they ________.

• A)do not permit policies that are likely to exacerbate economic inequality and ethnic tensions
• B)give greater importance to environmental conservation
• C)have led to the displacement of tens of thousands of poor people,often to less desirable areas
• D)can be easily manipulated by the governments of individual countries to suit their needs

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Definitions:

Favorite Bundle

In consumer theory, the combination of goods and services that maximizes a consumer's satisfaction or utility, given their budget constraint.

Absolute Values

A measure representing the magnitude of a number regardless of its direction or sign, shown as the distance from zero on a number line.

Favorite Bundle

An individual consumer's most preferred combination of goods and services, given their budget and prices.

Indifference Curve

A graph showing different combinations of two goods among which a consumer is indifferent, depicting levels of consumption where the consumer has no preference for one bundle over another.