Which of the following statements is true of foreign aid?
A) In practice, much of foreign aid does not get invested in new technology or education.
B) Foreign aid is regressive to development.
C) Foreign aid is provided only by financial institutions such as the World Bank.
D) Foreign aid is directly responsible for reducing corruption in developing nations.
A
You might also like to view...
At the profit-maximizing level of output, the amount by which the firm can mark up price is:
A) inversely related to the price elasticity of demand for item in question. B) directly related to the price elasticity of demand for item in question. C) totally unrelated to the price elasticity of demand for item in question. D) equal to the ratio of the marginal and average costs of production.
Variations in a time-series forecast can be caused by:
a. cyclical variations b. secular trends c. seasonal effects d. a and b only e. a, b, and c
Which of the following is a tool of commercial policy?
a. Corporate income tax b. Payroll tax c. Excise duty d. Tariff e. Octroi duty
If your wage increases from $10 per hour to $15 per hour, then your
a. opportunity cost of an hour of leisure decreases by $5 per hour. b. opportunity cost of an hour of leisure increases by $5 per hour. c. out-of-pocket cost of an hour of leisure decreases by $5 per hour. d. out-of-pocket cost of an hour of leisure increases by $5 per hour.