Which of the Following Statements Is TRUE About the Success

question 94

Multiple Choice

Which of the following statements is TRUE about the success of the World Bank?

• A) The World Bank has been very successful in promoting economic growth because loans have been primarily made to countries that have trouble attracting private funds.
• B) The World Bank has not been successful because many loans have been made to countries that can attract private funds.
• C) The World Bank has been successful because it has focused on its primary function of making loans to governments.
• D) The World Bank has not been successful because it has focused on making loans to governments where there has been a loss of confidence in a nation's financial system.

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Definitions:

Demand Schedule

A table showing the quantity of a good or service that consumers are willing and able to purchase at various prices.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the profitability of a business beyond basic financial gains.

Monopolistically Competitive

Pertaining to a market scenario characterized by many sellers offering differentiated products or services, creating a competitive atmosphere.

Marginal Cost

The growth in overall expenses resulting from the manufacture of an extra unit of a product or service.