Which of the following statements is true of foreign aid?
A) In practice, much of foreign aid does not get invested in new technology or education.
B) Foreign aid is regressive to development.
C) Foreign aid is provided only by financial institutions such as the World Bank.
D) Foreign aid is directly responsible for reducing corruption in developing nations.
A
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Sam McGarrity inherited $500,000 upon his favorite aunt's death. After this event it was observed by the local butcher that Sam was purchasing more steaks than in the past even though the butcher's advertising had provided no new information about his steaks in the past year. Most likely,
a. the relative cost of the butcher's steaks decreased b. the relative cost of the butcher's steaks increased c. Sam had seen industry ads about the benefits of red meat d. Sam's indifference map shifted e. Sam's income increased
If a good that generates negative externalities were priced to take these negative externalities into account, then its:
A. Price would decrease and its output would increase B. Output would increase but its price would remain constant C. Price would increase and its output would decrease D. Price would increase but its output would remain constant