"The Poor Stay Poor, Not Because They're Lazy but Because

question 25

Multiple Choice

"The poor stay poor, not because they're lazy but because they have no access to capital." This statement provides the philosophical basis for which development strategy?

• A) Establishment of the United Nations Children's Fund
• B) Establishment of Microcredit programs
• C) Reversing the flow of global funds so that is moves from highly developed to developing countries
• D) Increasing the number of trained professionals in developing nations
• E) Raising the status of women in developing nations

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Definitions:

Resource

An economic or productive factor required to accomplish an activity, or as a means to undertake an enterprise and achieve desired outcome.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a resource, such as labor.

Productivity

The measure of efficiency in converting inputs into useful outputs in production.

Input Demand Curves

Graphical representations that show the quantity of inputs a firm demands at different input prices.