A downside to foreign aid is that
a. developing countries have not necessarily increased their ability to become self-supporting at higher standards of living
b. many recipient countries are doing less of what they had done well
c. the agricultural sectors of recipient countries have suffered
d. government officials have been insulated from their own incompetence
e. All of the answers are correct
E
You might also like to view...
Elected government officials ________ support ________ monetary policies
A) always; contractionary B) tend to; expansionary C) always; expansionary D) tend to; contractionary
In a "pure exchange" market:
a. resources are owned only by the government. b. resources are owned by few people. c. people trade money for goods that are produced in the domestic economy. d. there is no production and people trade money for goods that already exist.
Which of the following is an example of detrimental externality?
A. A trailer’s entry onto an overcrowded road that delays the movement of other vehicles. B. Fall in demand for gasoline in the United States softens the price of gasoline in the global market. C. Government investment in energy generation from nonconventional sources. D. Society devotes huge quantity of its scarce resources for vital innovative activity.
A firm combines two resources, X and Y, to produce an output level Q in a purely competitive market. The cost of a unit of X is $15 and the cost of a unit of Y is $8. The marginal product of X is 30 units and the marginal product of Y is currently 24
units at output level Q. What would you recommend that the firm do given this resource combination? What will be an ideal response?