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AVprozaik [17]
1 year ago
9

What was the organization created by the kennedy administration to aid the economic and educational progress of developing count

ries?
Business
1 answer:
Vladimir79 [104]1 year ago
7 0

Foreign Assistance Act was the organization created by the Kennedy administration to aid the economic and educational progress of developing countries.

<h3>What was Foreign Assistance Act?</h3>

The Foreign Assistance Act  can be regarded as an act that was structured to offer  foreign assistance programs as well as  distinguishing between military from non-military aid.

The foreign aid or assistance can come inform of any type of assistance that is been voluntarily transferred from one country to another country and this can be in form of a gift as well as grant, or loan.

In some cases foreign aid can be inform of capital, as well as food supplies, and services and it can also be categorized as humanitarian aid and military assistance.

Some of the common foreign aid or assistance are;

  • Multilateral Aid.
  • Military Aid.
  • Project Aid.
  • humanitarian aid
  • Tied Aid.
  • Bilateral aid

Hence, Foreign Assistance Act was the organization created by the Kennedy administration to aid the economic and educational progress of developing countries.

Learn more about Foreign Assistance Act  at:

brainly.com/question/24553900

#SPJ1

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Explanation:

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(b) Economic profit = Accounting profit - Opportunity cost

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