How does opportunity cost to education contribute to low school enrollments in developing countries?
In developing countries, children are often important members of the labor force. If children attend school, they cannot be of help in economic activities like agriculture, which rural households in depend on. This high opportunity cost to education, prevents children from entering school to gain formal education.
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The leverage ratio of an investment firm refers to
a. the ratio of its investment holdings relative to its vault cash. b. the ratio of its investment holdings relative to its capital. c. the percentage of deposits held by the firm relative to its deposits with Federal Reserve banks. d. the percentage of down payments made to the investment firm relative to the size of mortgages issued by the firm.
If in the long run, imports are paid for by exports, then
A) any restriction of imports ultimately reduces exports. B) any restriction of imports ultimately expands exports. C) any restriction of imports has no impact on exports. D) any restriction of exports has no impact on imports.
When thinking about the real costs of environmental cleanup, we should take into consideration
A. A comparison of the costs of cleanup to the overall size of the U.S. economy. B. The marginal costs but not the marginal benefits. C. A comparison of the size of China's economy to the United States. D. The total costs of the cleanup as estimated by the Environmental Protection Agency.
If the wage rate increases, the substitution effect is for a person to work less and the income effect is for a person to take less leisure.
Answer the following statement true (T) or false (F)