In Contrast to International Development Efforts in Most of the 20th

question 65

Multiple Choice

In contrast to international development efforts in most of the 20th century, more recent projects like microfinance, microcredit, and cash transfers in the last few decades represent a major shift. That is because these recent projects are

• A)all sponsored by local governments.
• B)done through the United Nations.
• C)launched by universities and colleges.
• D)focused on giving direct aid to poor individuals.

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Definitions:

Marginal Cost (MC)

The financial cost of creating an additional unit of a product or service.

Prison Rates

The number of individuals incarcerated within a prison system per 100,000 population in a specific geographic area.

Crime Rates

The number of reported criminal incidents as a proportion of the population in a given area during a specified period.

Fiscal Impact

The effect of government spending and tax policies on the economy's overall level of economic activity, influencing employment, growth, and inflation rates.