What Useful Lesson in Alleviating the Plight of Poor Countries

question 101

Multiple Choice

What useful lesson in alleviating the plight of poor countries could the international community learn from organizations such as Oxfam?

• A) support democratic regimes
• B) oppose autocratic regimes
• C) increase the amount of foreign aid
• D) redesign the delivery of foreign aid

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Definitions:

Marginal Utility Per Dollar

The additional utility gained from spending one more dollar on a good or service.

Diminishing Marginal Utility

The principle stating that as a person consumes more of a good or service, the satisfaction gained from each additional unit decreases.

Utility Maximizer

An economic concept referring to consumers who select goods or services in a way that maximizes their total satisfaction or utility.

Utility From Milk

The satisfaction or benefit a consumer receives from consuming milk, assessing its nutritional value and taste preferences.