Econ Micro (book Only)
6th Edition
ISBN: 9781337408066
Author: William A. McEachern
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 21, Problem 5P
To determine
The issues faced when foreign aid is used as a measure to lead to a more productive economy to result in economic development.
Concept Introduction:
Tied Aid − It is the aid given with some conditions attached.
Untied Aid − It refers to the aid given without any conditions.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Enumeration:
There are 5 categories that Johnston and Mellor identified in 1961 as contributions of
Agriculture in Economic Development. Give 1 example for each category and how this
happened. (1 or 2 sentences)
1 Farm products for domestic consumption
2 The export of farm products and earnings of foreign exchange
3 The transfer of manpower to the industrial sector
4 The flow of money into capital formation
5 The increased incomes in agriculture as a market for industrial products
Question - 1
A) how are rules and governance important to economic Development and growth?
B) how can international aid assist countries with economic development? Can international aid also cause problems?
C) what can be done to Assist development countries?
4. Consider the following information about a developing country:
Income per capita
$1037
Life expectancy
43 years
Adult literacy
53%
Gross enrollment
46%
(a) Income index =
(b) Life Expectancy index =
(c) Education index =
Chapter 21 Solutions
Econ Micro (book Only)
Knowledge Booster
Similar questions
- ON CULTURE: Not all people in your country support globalization, and some feel that globalization is an economic threat. However, to what extent could it be they may also feel that it is a threat to their culture?arrow_forward[item no.17] (Yes/No) Is it possible for one to be a global citizen without recognizing globalization or understanding the wider world? NoYesarrow_forward7- Developing countries all over the world are concerned about how to improve their National Income and Per capita Income. Which central economic problem is this related to? a. How to produce the goods and services? b. What goods and services to be produced? c. How to achieve economic growth? d. For whom to produce?arrow_forward
- [item no.27] (Multiple Choice) Most of the problems and issues mentioned in the sustainable development goals are collective dilemmas. Yes, especially environmental problems because it requires a solution that involves international cooperation rather than action by a single stateNo, states can give solutions even done alone.arrow_forward28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capita of $75,000. Which of the following is NOT a plausible reason for Country B's higher GDP-per-capita? (A) Country B has more open and inclusive economic and political institutions. (B) Country B has more natural resource wealth. (C) Country B has lower productivity. (D) Country B has more capital. 29. After lockdowns were declared globally in 2020, the price of oil crashed from $64 per barrel in January to $18 per barrel in April. What is the most likely reason that lockdowns contributed to the oil price crash? (A) Supply increased due to oil companies reallocating resources to help with the COVID-19 pandemic. (B) Supply decreased due to oil workers being furloughed. (C) Demand increased from factories producing Personal Protective Equipment for essential workers. (D) Demand decreased since fewer people were commuting to work. 30. Suppose that the GDP deflator is 150, and nominal GDP is $7.5 billion. What is…arrow_forwardEconomics Answer Any ONE of the following 2 questions Please clearly indicate which question you are answering by writing the number of the question Q.1. What role does the government play in international trade? How can a government encourage FDI? ( Or Q.2. Discuss the pros and cons of globalization with examples. (4 rks)arrow_forward
- Country Portfolio Investment($) year United States -409.756 2020 Malaysia 11.93 billion 2020 Discuss the economic growth based on investment rates between the developed and developing country from the statement given in the above.arrow_forwardA reputable doctor quits his job, which pays $77,000 a year, to open a non-governmental organization (NGO) to serve the needs of orphans. His annual expenses for the NGO amounts to $62,700 for food and daily supplies, $9,400 for maintenance, and $1,800 for books. i. What is his opportunity cost of opening the NGO? (Show working) (4)arrow_forward[item no.25] (Multiple Choice) What are the two processes in globalization? a. Political and economic processb. Technological and economic processc. Economic and Technological processd. Technological and political processarrow_forward
- Determining the international economic/trade exposure of the Netherlands, to what extent is the Dutch economy exposed to international economic activities and why? Also comparing and contrasting the GDP and GNP values of the United States and Canada the GDP and GNP figures are very similar for the United States, why is it?arrow_forwardQ10. Capital intensive technique is chosen in a (a) Labour surplus economy. (b) Capital surplus economy. (c) Developed economy. (d) Developing economy.arrow_forward36. Which of the following will help to increase a countrys human development? a.A decrease in nominal GDP b.An increase in nominal GDP c.An increase in real GDP per capita d.A decrease in real GDP per capitaarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStax
Essentials of Economics (MindTap Course List)EconomicsISBN:9781337091992Author:N. Gregory MankiwPublisher:Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours...EconomicsISBN:9781337091985Author:N. Gregory MankiwPublisher:Cengage Learning
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax
Essentials of Economics (MindTap Course List)
Economics
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours...
Economics
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:Cengage Learning