Which of the Following Is NOT a Reason to Reduce

question 54

Multiple Choice

Which of the following is NOT a reason to reduce foreign aid?

• A) The dissolution of the Soviet Union has weakened some of the strategic rationale for foreign aid.
• B) Much of the money provided by America goes to elites in the recipient nations rather than those who need help.
• C) Foreign transfers only tend to increase government consumption, which has no positive effect on growth.
• D) Options A, B, and C are true.
• E) None of the above is true.

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Definitions:

MasterCard

A global financial services corporation that processes payments between banks of merchants and the card issuing banks for purchases made with credit and debit cards.

VISA

A global payment technology company that facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards and debit cards.

Multiple-Step Income Statement

A form of income statement that contains several sections, subsections, and subtotals.

Income from Operations

The earnings generated from the day-to-day activities of a business, excluding income and expenses from non-operational sources.