One of the 16 Indicators Used by the Millennium Challenge

question 107

True/False

One of the 16 indicators used by the Millennium Challenge Corporation (MCC) to determine which countries obtain American foreign aid is Open Trade Policy, which refers to the accessibility of work visas that the country offers to foreigners.

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Definitions:

Output Expansion

The increase in the production of goods and services in an economy or by a firm, often as a result of increased demand or improved production capabilities.

Period Lengthened

The extension of time allocated for a particular activity, phase, or process.

Price-taker Market

A market in which individual sellers cannot influence the market price and must accept the prevailing market price for their goods or services.

Antitheft Auto Alarms

Security devices installed in vehicles designed to deter theft by emitting a loud noise or other alerts when unauthorized access is attempted.