If all developed countries were willing to meet the U.N.'s Millennium Aid Goal for foreign aid, this would eliminate global poverty.
Answer the following statement true (T) or false (F)
False
Even tripling foreign aid would generate only $100 a year for each of the nearly 3 billion people now in global poverty. That figure is optimistic because it assumes all aid is distributed to the poor in a form (e.g., food, clothes, and medicine) that directly addresses their basic needs.
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If the exchange rate ________, the quantity of dollars demanded ________ and there is a movement up along the ________ curve for dollars
A) falls; increases; supply B) rises; increases; demand C) falls; decreases; demand D) rises; decreases; supply E) rises; decreases; demand
If there are negative externalities that spill across governmental borders, this provides a justification for _____
a. private action b. larger governments c. smaller governments d. intergovernmental competition
When the government increases spending (holding taxes constant), the budget balance _____. This causes the interest rate in the market for loanable funds to _____ and investment to _____
Fill in the blank(s) with correct word
The figure above shows two Lorenz curves, one before income redistribution and one after income redistribution. The difference between the two curves equals
A) market income. B) money income. C) the redistribution of income. D) the amount of taxes paid.