OECD Is an Important Supranational Entity

question 51

Multiple Choice

OECD is an important supranational entity. What do the letters OECD stand for?

• A) Organization of Electrical Companies Directorate
• B) Oil Exporting Countries and Developers
• C) Organization for Economic Cooperation and Development
• D) Oil Exporting Corporations and Divisions

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Definitions:

Capital Stock

The total amount of physical goods that are used for production of other goods and services.

Economy

The large set of inter-related production, consumption, and exchange activities that aid in determining how scarce resources are allocated.

Increase

An upward change or growth in a quantity or value.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.