Most of the Flow of Foreign Aid Goes To

question 132

Multiple Choice

Most of the flow of foreign aid goes to:

• A) The poorest of developing countries (DVCs)
• B) The most affluent of the developing country populations
• C) The smallest developing countries
• D) About 70% of the world's poorest people

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Definitions:

Consumer Surplus

The discrepancy between the amount consumers are prepared to pay for a product or service and the actual price they pay, symbolizing the advantage to consumers.

Marginal Utility

The increased contentment or value derived from the consumption of an extra unit of a good or service.

Total Utility

The aggregate level of satisfaction or fulfillment a consumer receives through the consumption of a specific quantity of goods and services.

High Price

A price level that is significantly above the average or expected price for a product or service, often due to demand exceeding supply or premium offerings.