Why Has Foreign Aid Been Unable to Promote Development Effectively

question 3

Multiple Choice

Why has foreign aid been unable to promote development effectively?

• A)The amount of foreign aid given by developed countries is small.
• B)Foreign aid mostly goes to countries that are already developed.
• C)The amount of foreign aid given is too large for developing countries to know what to do with it.
• D)Developed countries have stopped giving out foreign aid.

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Definitions:

Marginal Revenue Product

The additional revenue produced from using one more unit of an input.

Marginal Labor Cost

The additional cost incurred by hiring one more unit of labor.

Hourly Wage

The amount of money that an employee is paid for each hour of work.

Production Workers

Production workers are employees involved in the manufacturing process or operations of producing goods and services.