The UN's 2001 Millennium Development Goals Set Forth Eight Goals

question 58

Multiple Choice

The UN's 2001 Millennium Development Goals set forth eight goals designed to

• A) abolish the capitalist system.
• B) reduce poverty and increase sustainable human development.
• C) reform international lending agencies such as the IMF and World Bank.
• D) cut the role of the state in the international economy.

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Definitions:

Insurance

A contractual agreement where one party pays premiums in exchange for a promise of compensation for specified potential future losses or damages.

Factory Overhead

All indirect costs associated with manufacturing, excluding direct labor and direct materials, such as utilities, depreciation, and maintenance of equipment.

Product Cost

The total of costs directly tied to the production of a product, including raw material, labor, and overhead.

Oil Lubricants

Substances applied to reduce friction and wear between surfaces in mutual contact, which ultimately extends the life of machinery.