One suggested policy that industrially advanced nations could adopt to foster economic growth in less developed nations would be to:

A. Leave the responsibility to the World Bank
B. Direct foreign aid to the poorest DVCs
C. Recruit more skilled workers from DVCs
D. Target the banking sector for the most help


B. Direct foreign aid to the poorest DVCs

Economics

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The real interest rate equals the nominal interest rate ________ the inflation rate

A) times B) minus C) divided by D) plus

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Based on Figure 6.1, given a tariff of $0.25 per bushel on soybean imports, how much will domestic production increase?

A) Domestic firms will increase output by 10 million bushels. B) Domestic firms will increase output by 20 million bushels. C) Domestic firms will increase output by 70 million bushels. D) Domestic firms' production will not be changed by the tariff.

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Fred's Widget Company has purchased $500,000 in equipment, which can be sold for a salvage value of $300,000 at any time. The best interest rate on alternative investments is 5%

What is the cost of using this machinery for one year? How would your answer be different if the machinery had not yet been purchased?

Economics