The United States Has ____ Its Goal of Contributing

question 81

Multiple Choice

The United States has ____ its goal of contributing .7% of its annual national income to the Millennium Development Goals.

• A) fallen short of
• B) Met
• C) Exceeded
• D) always met or exceeded
• E) Changed

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Definitions:

Economic Incentive

A benefit or penalty that motivates economic behavior or decisions among individuals or organizations.

Price-Taker Market

A market condition where individual buyers or sellers have no power to influence the price of goods and services, typically due to high competition and standardized products.

Economic Profits

The difference between a firm's total revenues and its total opportunity costs.

Barriers to Entry

Economic, procedural, regulatory, or technological factors that obstruct or limit the possibility of new competitors entering an industry.