Foreign Aid Includes

question 71

Multiple Choice

Foreign aid includes:

• A)grants and loans extended on more favorable repayment terms than the recipient could normally secure.
• B)only loans with strict repayment terms.
• C)only grants which have to be repaid on some predetermined date.
• D)the transfer of money by an overseas worker to his family.
• E)medical equipment sent by a foreign country during times of need.

Identify factors that facilitate or hinder the establishment and maintenance of cartels.

Understand the prisoner’s dilemma and how it relates to the challenges of cooperation and competition in oligopolies.

Understand different market structures, including monopoly, oligopoly, monopolistic competition, and pure competition.

Identify traits and outcomes of collusive and non-collusive oligopolies.

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Definitions:

Elected Officials

Individuals who have been chosen through a voting process to hold public office and represent the interests of the electorate.

Organizations

Structured groups of people with a common purpose, following specific rules and procedures to achieve collective goals.

Power Elite

A small group of powerful individuals at the top of the political, military, and economic institutions who hold significant influence over the decision-making processes in society.

Economic Positions

The status or place of individuals or groups within the economic structure of society, influenced by factors like income, wealth, and occupation.