ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 21, Problem 4.5P
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 solutionStudents have asked these similar questions
11-
Earnings such as wages, interests and dividends by residents who are living in other countries are called _____________.
a.
Domestic Output
b.
Factor income from abroad
c.
Price level
d.
Domestic product
8.
Includes all income earned: wages, profits, rent, and profit income within an Economy.
Question 8 options:
Trade Balance
Net Income
Gross Domestic Product
National Income
16 -
Which of the following is the production value of a Turkish artisan who produces bread in Karabük?
a)
GDP
B)
net national income
C)
GDP
D)
GDP vs. GNP
TO)
Added Value
Chapter 21 Solutions
ECON MICRO
Knowledge Booster
Similar questions
- Prepare a chart that compares India, Spain, and South Africa based on the data you find. Describe the key differences between the countries. Rank these as high-, medium-, and low-income countries, explain what is surprising or expected about this data.arrow_forward11-The selling price of a product in Oman is higher than the price in Dubai although both products are having the same nature. Customers are buying the product from Dubai due to the price differences. What will be the effect of the customers buying the products from Dubai? (1) Due to this, appreciation in the value AED (United Arab Emirates Dirham) relative to OMR, (2) Due to this, depreciate in the value AED (United Arab Emirates Dirham) relative to OMR, (3) Product sold in Oman market will decrease and the retail price will go down, (4) Product sold in Oman market will decrease and the retail price will go up, (5) The demand for the product and prices will increase in Dubai a. (2) and (3) only b. (1), (2), (3), (4) and (5) c. (1) and (2) only d. (1), (3) and (5) onlyarrow_forward5 GDP tends to overstate economic welfare, because it does not include certain nonmarket activities such as home production. understate economic welfare, because it includes expenditures undertaken to offset or correct pollution. understate economic welfare, because it does not take into account increases in leisure. overstate economic welfare, because it does not reflect improvements in product quality.arrow_forward
- Economy 1. Pamela worked as an auditor earning $60,000 per annum. She decided to open her own consultancy business. For her business, she rents an office where she pays $2,000 per annum. Further, her utility expenses are $300 per annum and she hired a part-time secretary to whom she pays $25,000 per annum. To start her business, she borrowed $40,000 from her savings, where she was earning an interest of $500 per annum. In her first year, her business earned a revenue of $300,000. Based on this information, calculate the following: a. Total implicit costs per annum b.Total explicit costs per annum c.Total accounting costs and accounting profit for that year d.Total economic costs and economic profit for that yeararrow_forward-What was the real GDP of Nigeria in 2019 and 2020 -Calculate per capita income in 2020arrow_forward________ would be included in the gross national product of Germany. A) The wages paid to German workers producing automobiles for a Canadian company B) The profits earned by a Canadian auto company operating in Germany C) The wages paid to German workers producing automobiles for sale in Canada D) The profits earned by a German company operating in Canada E) The expenses incurred by a Canadian livingarrow_forward
- Further background: • China primarily exports electrical equipment. This would include computers and optical and medical equipment. It's also a big exporter of low-cost apparel, fabric, and textiles. A lot of China's exports are manufactured products made for U.S. companies. These companies pay to ship raw materials to China. There the low-cost factory workers process the materials into the final product. The top import categories in 2017 were: electrical machinery ($147 billion), machinery ($110 billion), furniture and bedding ($32 billion), toys and sports equipment ($26 billion), and plastics ($16 billion). • Almost 75 percent of Canada's exports go to the United States. Canada has abundant supplies of oil, gas, and uranium. Its main exports include oil, vehicles and wood. The top import categories in 2017 were: mineral fuels ($73 billion), vehicles ($56 billion), machinery ($21 billion), special other (returns) ($14 billion), and plastics ($11 billion). • Mexico sends…arrow_forward28. A terms-of-trade index that equals 150 indicates that compared to the base year of 100, a. it requires a greater output of domestic goods to obtain the same amount of foreign goods. b. it requires a lesser amount of domestic goods to obtain the same amount of foreign goods. c. the price of exports has risen from $100 to $150. d. the price of imports has risen from $100 to $150.arrow_forwardQuestion 1 Gross domestic product is the market value of all: O final goods and services produced by a country's citizens, wherever located, in a year final goods and services produced within a country in a year O goods and service sold within a country in a year O all goods and services produced within a country in a yeararrow_forward
- Ch. 13 Please help solving all parts of this question. Thank you!arrow_forwardNational income – The Pandemic Economy 1.1 The IMF estimates that the global economy will make a strong recovery and expand by 6.0 percent in 2021. This follows from an estimated contraction of 3.3 percent in 2020. COVID-19 has severely impacted the social and economic fabric of every country across the globe. Some have been more affected than others, but all have been facing what seems like an unending battle between saving lives and preserving livelihoods. Striking a delicate balance between providing social protection and maintaining economic activity, while limiting the risks to financial stability has been a challenge of immense proportions, employing varying strategies across different countries with uneven results. 1.2 In Trinidad and Tobago, the continuation of the pandemic and the associated public health restrictions undermined all the economic gains realized in the second half of 2020. Consequently, for the first quarter of 2021, the CSO estimates that real…arrow_forward1. Introduction of human activities. 2. Problems of human activities. 3. Scope of human activities.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- 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 LearningPrinciples of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher: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
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax