11.The World Bank classifies low-income countries as those with per capita incomes less than a maximum threshold

11.The World Bank classifies low-income countries as those with per capita incomes less than a maximum threshold

of about:

Select one:

a. 4000

b. 1000

c. 12000

d. 18000

12.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. International Bank for Reconstruction and Development

d. Paris Club

13.Which of the following is not a characteristic of a monopolistically competitive industry?

Select one:

a. similar but differentiated products

b. positive or negative long-run economic profits

c. small share of total industry output by any individual firm

d. easy entry and exit

14.Which of the following is not a constituent institution of the World Bank?

Select one:

a. International Center for Settlement of Investment Disputes


c. World Trade Organization

d. International Bank for Reconstruction and Development

15.A country-s per capita real income is equal to the product of a nation-s population multiplied by the country-s aggregate, inflation-adjusted income.

Select one:



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