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NORTH AMERICAN DEVELOPMENT BANK: An international financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects. The bank's mission is to serve as a binational partner in communities along the U.S.-Mexico border in order to enhance the affordability, financing, long-term development and effective operation of infrastructure that promotes a clean, healthy environment for the citizens of the region. The Bank was created under the auspices of the North American Free Trade Agreement (NAFTA).
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LAW OF COMPARATIVE ADVANTAGE A principle that states that every nation, worker, or production entity has a production activity that incurs a lower opportunity cost than that of another nation, worker, or production entity, which means that trade between the two can be beneficial to both if each specializes in the production of a good with lower relative opportunity cost. This law is most often studied in the confines of international trade, but it also applies to labor and other types of production.
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YELLOW CHIPPEROON
[What's This?]
Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors looking to buy either an AC adapter for your CD player or storage boxes for your family photos. Be on the lookout for infected paper cuts.
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This isn't me! What am I?
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One of the largest markets for gold in the United States is the manufacturing of class rings.
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"One person with a belief is equal to a force of ninety-nine with only interests." -- John Stuart Mill
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BIF
Bank Insurance Fund
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