Which of the Following IACs (Industrially Advanced Countries)was the Leading

question 82

Multiple Choice

Which of the following IACs (industrially advanced countries) was the leading provider of development assistance to DVCs (developing countries) in 2017, in terms of absolute dollar amounts?

• A)United States
• B)Japan
• C)Canada
• D)Germany

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Definitions:

Short Run Supply Curve

A graphical representation showing the quantity of goods or services that producers are willing and able to sell at different prices over a short period, assuming some production factors are fixed.

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit changes as more units are produced.

Profits

The financial gain realized when the revenue earned from business activities exceeds the expenses, costs, and taxes needed to sustain those activities.

Output

The quantity of goods or services produced by a business, industry, or economy within a specific period.