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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The act of buying a product at a low price in one market and reselling the product at a higher price in another market is called arbitrage
Indicate whether the statement is true or false
The key distinguishing characteristic of an oligopoly is the:
A) presence of long-run economic profits. B) fact that in all cases firms produce a standardized product. C) mutual interdependence of the firms in the market. D) near total absence of advertising.