Which of the Following Is an Example of an Effort

question 23

Multiple Choice

Which of the following is an example of an effort to decrease physical capital differences between an advanced and a developing economy?

• A)NGO volunteers teach English around the world.
• B)Through World Vision,women and children in Africa receive education.
• C)Australian troops build roads in Afghanistan.
• D)Habitat for Humanity builds houses for low income families in Australia.
• E)Creating Hope International trains women in Afghanistan to become tailors.

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Definitions:

Fixed

In economics, pertains to costs that do not change with the level of output or production, such as rent, salaries, and insurance.

Variable

A quantity that can take on more than one value.

Short-Run Average Total Cost Curve

A graphical representation that shows the average total cost of producing different levels of output in the short run, when at least one input is fixed.

Fixed Cost

Costs that do not vary with the level of output or production, such as rent, salaries, and insurance premiums.