What Is the Global Network That Provides Knowledge and Resources

question 57

Multiple Choice

What is the global network that provides knowledge and resources to developing countries?

• A) The Peace Corps
• B) The International Resource Fund
• C) The United Nations Development Program
• D) The World Trade Organization

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Definitions:

Equilibrium Point

In economics, it refers to the state where market supply equals demand, resulting in a stable price and quantity.

S And D Curves

Supply and Demand curves; graphical representations of the relationship between the quantities of goods and services that producers are willing to sell and consumers are willing to buy at various prices.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, due to higher market prices.

Equilibrium Point

The point at which market supply and demand balance each other, and as a result, prices become stable.