What is the U.N.'s goal for foreign aid to poor countries? Are most countries currently meeting this goal? Explain.
What will be an ideal response?
The U.N.'s Millennium Aid Goal is to raise foreign aid to 0.7 percent of donor country GDP. Currently most rich nations are not meeting the goal. The average contribution for developed countries is 0.29 percent of GDP. The United States, the United Kingdom, Japan and others contribute billions of dollars in aid each year, yet they are well below the goal set by the U.N. However, Denmark is a nation where donor country GDP exceeds the percentage set by the U.N.
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To remain competitive today, many companies commit themselves to:
a. continuous improvement processes b. competitive strategic analysis by outside experts c. episodes of strategic planning d. a and c e. b and c
Todd owns a painting company. He needs brushes, ladders, paint, painters, and a truck in order to produce even one painted house. If it takes one hour to set up and take down the equipment each day, would Todd care if his employees worked an 8-hour day or a 10- hour day, assuming that each hour they painted just as quickly as the previous hour?
a. no; the revenue and costs are the same every hour b. no; especially if he pays his employees by the hour c. there is no way to answer this question d. yes; because he can reduce the average fixed cost of preparation and clean-up e. yes; but only if the homeowner pays by the hour
Under a system of freely flexible (floating) exchange rates an American trade deficit with Mexico will tend to cause
A. the United States government to ration pesos to American importers. B. a flow of gold from the United States to Mexico. C. an increase in the peso price of dollars. D. an increase in the dollar price of pesos.
Which of the following is not a possible explanation as to why wage inequality increased markedly over the last 40 years in the United States?
A. There was an increase in the supply of low-skill workers, particularly through immigration. B. Recent technological changes have been complementary to skilled labor while substituting for unskilled labor. C. Competition from international economies has increased demand for highly productive workers. D. Institutional changes in the United States such as a steady decline in union coverage and a falling real minimum wage have led to changes in the wage distribution. E. Federal legislation allowed employers to legally engage in more racial discrimination.