9 Questions
When was the World Bank established?
1944
What is the main purpose of international non-profit agencies like regional development banks?
To promote economic development and finance productive projects
Which statement accurately describes the World Bank's role?
It provides long-term capital for reconstruction and development projects
What is one of the purposes for setting up the World Bank?
To assist in the reconstruction and development of member territories
What does the World Bank do to promote private foreign investment?
By guaranteeing or participating in loans made by private investors
Which goal is NOT among the purposes for setting up the World Bank?
Ensuring equal distribution of profits among members
What does the World Bank aim to maintain regarding international trade?
Balanced growth and equilibrium in balance of payments
In what way does the World Bank conduct its operations?
Taking into account the impact on business conditions of member territories
What was one of the reasons for establishing the World Bank after World War II?
To assist member countries with post-war reconstruction and development.
Explore the concepts of comparative advantage and absolute advantage in international trade. Learn how countries can specialize in producing goods to maximize efficiency and benefit from trade.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
