Currently most developed countries meet or exceed the U.N.'s Millennium Aid Goal for donor country GDP.
Answer the following statement true (T) or false (F)
False
Developed nations have set a goal of delivering more aid. The United Nations' Millennium Aid Goal is to raise foreign aid levels to 0.7 percent of donor country GDP. Few rich nations now come close to this goal. For all developed nations, the aid ratio averages around 0.29 percent-just over a third of the U.N. goal.
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Refer to Table C_6. Assuming MPC=0.75, the break-even level of disposable income=____. (Do not enter a $ sign. Include a negative sign, if a negative number)
Suppose a small island nation imports sugar for its population at the world price of $1,500 per ton. The domestic market for sugar is shown below.
If the government provides a subsidy of $500 per ton, then relative to before the subsidy, total economic surplus will ________ by ________ per day.
A. increase; $1,000 B. decrease; $6,500 C. decrease; $1,000 D. increase; $6,500
Which statement is true?
A. On the production possibilities frontier, unemployment is zero percent. B. On the production possibilities frontier, 85 percent of the labor force is employed. C. To get out of a recession, we must move to some point closer to the production possibilities frontier. D. To have economic growth, we must have zero unemployment.
What does activity-based costing do for organizations?
a. Gives accurate view of the costs of service b. Enables companies to build individual customer P&L statements c. Creates a synergy between customers and suppliers d. Develops a history of transactions for the customer e. Both A and B