The World Bank Provides a Grant to Bulgaria to Build

question 56

True/False

The World Bank provides a grant to Bulgaria to build a modern school.This example of foreign aid is called bilateral assistance.

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Definitions:

National Debt

National Debt is the total amount of money owed by a country's government to creditors, which can result from borrowing to cover budget deficits.

Economy's Production

The total value of all goods and services produced by an economy over a specific period, reflecting its productive capacity.

Crowding Out

A situation in economics where increased government spending reduces private sector investment or spending due to higher interest rates.

Opportunity Cost

The financial impact of bypassing the next most favorable choice in a decision.