CONW 1013 - The Contemporary World Module 3 | Comparative and Absolute Advantage Theories
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Questions and Answers

When was the World Bank established?

  • 1960
  • 1950
  • 1944 (correct)
  • 1939

What is the main purpose of international non-profit agencies like regional development banks?

  • To invest in luxury projects for high returns
  • To promote economic development and finance productive projects (correct)
  • To provide short-term loans for member countries
  • To maximize profits for shareholders

Which statement accurately describes the World Bank's role?

  • It provides long-term capital for reconstruction and development projects (correct)
  • It only supports projects with guaranteed profitability
  • It primarily focuses on short-term financing for member countries
  • It promotes stock market investments in member countries

What is one of the purposes for setting up the World Bank?

<p>To assist in the reconstruction and development of member territories (A)</p> Signup and view all the answers

What does the World Bank do to promote private foreign investment?

<p>By guaranteeing or participating in loans made by private investors (B)</p> Signup and view all the answers

Which goal is NOT among the purposes for setting up the World Bank?

<p>Ensuring equal distribution of profits among members (B)</p> Signup and view all the answers

What does the World Bank aim to maintain regarding international trade?

<p>Balanced growth and equilibrium in balance of payments (D)</p> Signup and view all the answers

In what way does the World Bank conduct its operations?

<p>Taking into account the impact on business conditions of member territories (C)</p> Signup and view all the answers

What was one of the reasons for establishing the World Bank after World War II?

<p>To assist member countries with post-war reconstruction and development. (A)</p> Signup and view all the answers

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