The Charitable Organisation Creating Hope International Trains Women in Afghanistan

question 97

Multiple Choice

The charitable organisation Creating Hope International trains women in Afghanistan to become tailors.This effort reduces

• A)entrepreneurship differences between advanced and developing economies.
• B)agricultural differences between advanced and developing economies.
• C)human capital differences between advanced and developing economies.
• D)physical capital differences between advanced and developing economies.
• E)manufacturing differences between advanced and developing economies.

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Definitions:

Numeraire

A standard unit of measurement in economics used to express prices or monetary values, making it easier to compare different goods or services.

Pareto Optimal Allocations

Situations where no reallocation can make someone better off without making someone else worse off in an economy.

Edgeworth Box

A diagram used in microeconomics to show the distribution of resources or the outcome of trade between two parties.

Utility Function

An economic tool that describes how consumers rank different bundles of goods according to the level of satisfaction or utility those bundles provide.