A major criticism of foreign aid to developing nations is that it:
A. Is capital saving rather than capital intensive
B. Provides incentives for a brain drain
C. Encourages corruption and misuse of funds
D. Gives too much power and control to the International Monetary Fund
C. Encourages corruption and misuse of funds
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Jane wins $100,000 in a lottery and immediately uses her winnings to open up a donuts shop. Her direct cost is $50,000 . and she puts the remaining money in a savings account earning 10 percent annual interest. Alternatively, Jane could have placed all her lottery winnings in the 10 percent savings account. Jane's total cost of opening up a donuts shop is:
a. $60,000. b. $50,000. c. $160,000. d. $45,000. e. $55,000.
A stock is an obligation issued by a corporation that promises the holder to receive fixed annual interest payments and payment of the principal upon maturity
a. True b. False Indicate whether the statement is true or false
One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.
Which of the following is LEAST likely to be able to regularly engage in price discrimination?
A. a university B. a farmer C. an airline D. a producer of copyrighted computer app