Statement 1: One of several World Trade Organization's primary missions is to promote improved living standards, job growth, and social and economic development and progress. Statement 2: The United Nations is usually considered as the lender of last resort for nations with troubled economies. Statement 3: World Bank is responsible for policing the fair international trade. O Statement 1 is correct but statements 2 and 3 are incorrect. O Statement 3 is correct but statements 1 and 2 are incorrect. © Statement 1 is incorrect but statements 2 and 3 are correct. O All statements are correct. O All statements are incorrect.
Statement 1: One of several World Trade Organization's primary missions is to promote improved living standards, job growth, and social and economic development and progress. Statement 2: The United Nations is usually considered as the lender of last resort for nations with troubled economies. Statement 3: World Bank is responsible for policing the fair international trade. O Statement 1 is correct but statements 2 and 3 are incorrect. O Statement 3 is correct but statements 1 and 2 are incorrect. © Statement 1 is incorrect but statements 2 and 3 are correct. O All statements are correct. O All statements are incorrect.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Statement 1: One of several World Trade Organization's primary missions is to promote improved living standards, job growth, and social and economic development and progress.
Statement 2: The United Nations is usually considered as the lender of last resort for nations with troubled economies.
Statement 3: World Bank is responsible for policing the fair international trade.
O Statement 1 is correct but statements 2 and 3 are incorrect.
O Statement 3 is correct but statements 1 and 2 are incorrect.
© Statement 1 is incorrect but statements 2 and 3 are correct.
O All statements are correct.
O All statements are incorrect.
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