Exploring the Economic Benefits of Foreign Aid for Economically Developed Countr...

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By CrisperLearning

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30 Questions

Which of the following is true about foreign aid from the US?

What is the main benefit for EDCs in the arrangement where the World Bank provides aid to LDCs?

What is the main reason for the rapid growth of Newly Industrialized Countries (NICs)?

What has been happening to China's GDP over time?

What has been happening to the rate of growth of the Chinese economy recently?

What are the two most common forms of limiting trade?

Which organization replaced GATT in 1995?

What is the main purpose of GATT?

What is the main purpose of the IMF?

Which trade agreement started as an alliance of coal and steel interests in 1950?

What is the main purpose of NAFTA?

What is the role of the WTO?

Which one of these is a characteristic of Economically Developed Countries (EDCs)?

Which one of these is a characteristic of Newly Industrialized Countries (NICs)?

Which one of these is a reason for lower life expectancy in LDCs?

Which one of these is a characteristic of Least Developed Countries (LDCs)?

What is one of the major barriers to development in LDCs?

What type of economy do LDCs have?

Which of the following accurately defines the balance of trade?

What does the balance of payments measure?

What determines the exchange rates?

Where are exchange rates published daily?

What does the equation $0.7437 \times 300$ represent?

What does the equation $\text{{Exchange rate}} \times \text{{Cost in Canada}}$ calculate?

Which of the following best describes globalization in economic terms?

What is the definition of supply chain?

What is the practice of basing some of a company's processes or services overseas, so as to take advantage of lower costs called?

What is the practice of obtaining goods or services from an outside or foreign supplier, especially in place of an internal source called?

Which of the following is an example of offshoring?

Which of the following is an example of outsourcing?

Description

Discover how foreign aid can promote development and benefit economically developed countries (EDCs). Explore the sources of aid, such as private organizations like the Red Cross and the Rockefeller Foundation, as well as international economic organizations like the World Bank. Learn about the arrangement in which the World Bank borrows money from EDCs and lends it to less economically developed countries (LDCs), and uncover the advantages that EDCs can gain from this arrangement.

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