Question

1.. Which of the following is a private organization that periodically seeks to address financial problems of less developed nations?

Select one:

a. World Bank

b. London Club

c. Paris Club

d. International Bank for Reconstruction and Development

2.. Dead capital resources are those that are untaxed by national governments.

Select one:

a. TRUE

b. FALSE

3. In a monopolistically competitive industry spanning more than one nation, intra-industry trade yields gains to firms in the form of a wider variety of products and lower product prices.

Select one:

a. TRUE

b. FALSE

Answer 1

1.a) World Bank

The WB is an international financial monetary institution which aims to address the financial problems faced by the less developed countries and also provides financial support to them in many ways.

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2. b) False.

Dead Capital is referred to the properties which are not legally recognized.

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3. a) True.

In a monopolistic competetive industry spanning more than one nation, if the consumers want to enjoy both the benefits of different variety of products and lower prices, the nations must engage in international trade or intra-industry trade with each other.