Brazil gives cash payments to its poor citizens on the condition that those citizens' children stay in school. In terms of the determinants of productivity, how might this public policy contribute to higher productivity in Brazil?
This public policy aims to increase the quantity and enhance the quality of Brazilian human capital.
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Suppose Ethan and Ava work in a farm that grows apples and oranges of the same size. In one hour, Ethan can pick 8 pounds of apples or 1 pound of oranges. Ava can pick 6 pounds of apples or 1 pound of oranges. It can be concluded that
A) Ava has a comparative advantage in picking apples. B) Ava has an absolute advantage in picking apples. C) Ethan has a comparative advantage in picking apples. D) Ethan has an absolute advantage in picking oranges.
The various models of oligopoly explain observed behavior in different industries, but none is satisfactory as a general theory of oligopoly
a. True b. False
If nominal GDP rises from $550 billion to $600 billion, then
A. The economy has definitely experienced inflation. B. The economy has definitely experienced economic growth. C. The economy has definitely not experienced economic growth. D. It is not possible to determine if the economy has experienced economic growth or inflation.
Which of the following would be the most likely effect of a 75 percent tax on punitive awards by juries?
A. An increase in pretrial settlements since plaintiffs are willing to accept lower settlement amounts that are not taxed B. A decrease in the number of cases settled out of court C. An increase in the incentive for plaintiffs to pursue legal action against individuals or businesses who have caused injury due to gross negligence D. An increase in the number of lawsuits asking for punitive damages