The Old Adage That "A Bird in the Hand Is

question 94

Multiple Choice

The old adage that "a bird in the hand is worth two in the bush" refers to

• A)a normal good
• B)opportunity cost
• C)scarcity
• D)a positive rate of time preference
• E)a willingness to forgo current consumption in order to achieve increased future consumption

---

Definitions:

Multilateral Aid

Financial assistance provided by multiple governments or organizations to support economic development and welfare in developing countries.

Government Aid

Financial assistance or resources provided by the government to individuals, organizations, or other countries, often for relief, development, or economic support.

Political Self-Interests

Actions or policies pursued by politicians or political parties based on their own advantages or benefits rather than on public welfare.

Foreign Aid

Financial or other assistance provided by one country to another, especially for development projects or to help recover from a disaster.