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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An increase in the demand for peanuts due to changes in consumer tastes, accompanied by an increase in the supply of peanuts as a result of favorable growing conditions, will result in
A) an increase in the equilibrium price of peanuts and no change in the equilibrium quantity. B) an increase in the equilibrium quantity of peanuts; the equilibrium price may increase or decrease. C) an increase in the equilibrium price of peanuts; the equilibrium quantity may increase or decrease. D) an increase in the equilibrium quantity of peanuts and no change in the equilibrium price.
A firm can fund an expansion of its operations by
A) paying dividends. B) loaning money. C) buying stock. D) issuing bonds.