Why might high levels of spending on education in a developing country not be associated with development success?
What will be an ideal response?
A number of reasons can be cited, including inefficient spending, concentration of spending on a minority of the population, spending on education that is not geared to the level of development, etc.
You might also like to view...
If it is possible to make a change that will help some people without harming others, then the situation is:
A. efficient. B. inefficient. C. unfair. D. fair.
How can banks increase the amount of loanable funds available for private lending?
(a) By selling government securities to securities dealers and the Federal Reserve System (b) By buying government securities from securities dealers and the Federal Reserve System (c) By buying stocks, property and other assets to hold on behalf of the banks (d) By holding 100 percent of customers' deposits in bank vaults
The major economic problem is to:
a. provide for full employment. b. eliminate scarcity. c. increase the standard of living. d. allocate limited resources among unlimited uses. e. increase leisure.
Automatic stabilizers are the:
A. taxes and government spending that affect fiscal policy without specific action from policymakers. B. fiscal policies that government actively chooses to adopt. C. expansionary fiscal policies. D. Keynesian policies.