Discuss the allocation of direct foreign aid from IAC to the lowest-income DVC and its issues.
What will be an ideal response?
It is estimated that only about 25 percent of direct foreign aid goes to the 10 countries in which 70 percent of the world’s poorest people live. This aid, however, often represents a large amount of aid relative to the size of the GDP in those nations. For example, in 2011 foreign aid to GDP was 54 percent in Liberia, 37 percent in Afghanistan, and 17 percent in Mozambique. These nations also receive large amount of private donations through foundations and other charitable organizations. Some of the direct assistance from IAC to DVC also comes in the form of debt relief or debt forgiveness.
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The formula used for calculating the total profit of a monopolistic competitor is ________
A) (Price - Average Total Cost) × Quantity B) Price - Marginal Cost C) (Price- Average Total Cost) / Quantity D) (Price -Average variable cost)
Both optimization in levels and optimization in differences:
A) consider only the benefits from different alternatives. B) consider only the costs incurred in different alternatives. C) provide identical answers when comparing two alternatives. D) require the calculation of change in net benefits of switching from one alternative to another.