Describe the main characteristics of direct foreign aid from IAC to DVC.
What will be an ideal response?
Direct aid may come through programs or international institutions designed to stimulate economic development. In the past ten years, U.S. loans and grants to DVC averaged about $15 to $28 billion per year. Most of this aid was administered by the U.S. Agency for International Development (USAID). Some aid took the form of grants of surplus food under the Food for Peace program. Other nations also contribute foreign aid. Foreign aid to DVC from all IAC including the United States, totaled $126 billion in 2012. Much of this aid is based on political or military consideration rather than economic conditions. Major recipients of U.S. aid are Afghanistan, Egypt, Israel, Pakistan, and Turkey. Most of the aid does not go to the poorest DVC but rather to middle-income DVC.
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Assuming all else equal, if the labor demand curve shifts to the left and the labor supply curve remains unchanged, ________
A) equilibrium wage falls B) consumption falls C) unemployment rises D) equilibrium wage rises
Median income is the:
A. in the level earned by the household exactly in the middle of the national income distribution. B. the total national income divided by the total population. C. the total national income divided by the total number of households. D. 50% of the top quintile level of income.
Economists emphasize the importance of ____ in analyzing demand
a. quantity b. market potential c. wants and needs d. price e. sales opportunities
Which of the following are issues most explored in microeconomics? (check all that apply)
a. Unemployment and inflation rates b. A firm's decision to hire more workers. c. Measuring the total revenues of a firm or household d. The level of public debt e. Measuring the price of specific goods f. The expenditures of a government entity