Which of the Following Is an Example of Multilateral Transfer

question 83

Multiple Choice

Which of the following is an example of multilateral transfer?

• A)The United States providing manufactured goods at low prices to a developing country in Africa
• B)The United States supplying medicines and other healthcare equipment to Botswana
• C)The World Bank providing finance to help build communication networks in a developing country
• D)China helping to finance and build telephone lines in East Africa
• E)England providing educational assistance to a developing country

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Definitions:

Substitution

The act of replacing one item with another, often referring to the economic principle where consumers switch between similar goods in response to changes in price or income.

Indifference Curve

A graph representing combinations of two goods between which a consumer is indifferent, showing preferences and trade-offs.

Total Utility

The total satisfaction received from consuming a certain amount of a good or service.

Equilibrium Position

A situation where the supply and demand in the market are equal, leading to stable prices.