The main conclusion drawn from the criticisms around foreign aid is:
A. trade should be encouraged instead of aid.
B. aid should no longer exist, as it is an inefficient use of dollars.
C. more accountable means of distribution and program evaluation are needed.
D. immigration policies should be loosened and aid should be halted.
C. more accountable means of distribution and program evaluation are needed.
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High Tech, Inc. produces plastic chairs that sell for $10 each. The following table provides information about how many plastic chairs can be produced per hour. Number of WorkersChairs Produced Per Hour00110218324428530For simplicity, assume that labor is the only input. How many workers will be hired if the hourly wage for workers is $70?
A. 3 B. 4 C. 1 D. 2
The data in the table above are the U.S. balance of payments. The data show that
A) the United States has a current account surplus. B) the United States has a capital and financial account surplus. C) The United States loaned $400 billion to the rest of the world. D) Both answers A and B are correct.
Discuss the theory of the ability-to-pay principle
What will be an ideal response?
At equilibrium, the market will clear, with no surpluses or shortages occurring
a. True b. False Indicate whether the statement is true or false