An Organization That Tries to Encourage the Flow of Investment

question 142

Multiple Choice

An organization that tries to encourage the flow of investment to poor countries is the

• A)World Bank.
• B)Organization of Less Developed Countries.
• C)Alliance of Developing Countries.
• D)International Development Alliance.

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Definitions:

Labor

The human effort, both physical and mental, used to produce goods and services.

Equilibrium Wage

The wage rate at which the quantity of labor employers are willing to hire equals the quantity workers are willing to supply, with no excess demand or supply.

Quantity Of Labor

The total number of labor hours provided by workers for the production of goods or services.

Labor

Human effort, both physical and mental, used in the production of goods and services.