What Implications for the Effectiveness of Foreign Aid Would There

question 62

Multiple Choice

What implications for the effectiveness of foreign aid would there be if low-income nations have lower marginal products of capital?

• A) Foreign aid would probably be more effective.
• B) Foreign aid would be preferable to private investment.
• C) Foreign aid would suffer the same problems as private investment and possibly be ineffective in increasing productivity.
• D) To be effective, foreign aid provided by governments would have to be managed by private concerns.

Identify and understand the mechanisms and purposes of various credit policies and terms.

Understand the impact of credit policy changes on accounts receivable and sales volume.

Calculate break-even points for changes in credit policy.

Understand inventory management techniques and their financial implications.

---

Definitions:

Workers' Compensation Acts

Laws that provide financial compensation and medical care for workers who are injured or disabled in the course of their employment.

Common Law

A system of law that is based on court judgments and precedents rather than statutory laws.

Injured Employee

Refers to a worker who has suffered a physical or mental harm or injury in the course of employment.

Civil Rights Act

Landmark legislation in the United States passed in 1964 that outlawed discrimination based on race, color, religion, sex, or national origin.