The Working Capital Guarantee Program and the Medium-Term Guarantee Program

question 13

Multiple Choice

The Working Capital Guarantee Program and the Medium-term Guarantee Program are offered by the:

• A) Export-Import Bank of the United States
• B) Private Export Funding Corporation
• C) Overseas Private Investment Corporation
• D) none of the above

---

Definitions:

Minimize Average Cost

The process of reducing the total cost per unit of goods or services produced.

Barriers To Entry

Obstacles that make it difficult for new firms to enter a market, which may include high start-up costs, regulatory hurdles, or strong competition.

Monopolistic Competition

Market in which firms can enter freely, each producing its own brand or version of a differentiated product.

Monopoly

A market structure characterized by a single seller controlling the entire supply of a unique product or service, without close substitutes.