Author Question: An individual's demand for education is most affected by (a) direct and indirect costs of ... (Read 107 times)

pepyto · **on:** Jun 30, 2018

An individual's demand for education is most affected by

(a) direct and indirect costs of schooling.
(b) development priorities of the country.
(c) the desire to escape agricultural work.
(d) all of the above.

Question 2

What economic variables would you need to consider in order to distinguish between a developing country with a short-term balance of payments problem and one in a debt crisis? Explain what data you would need to look at and why.

What will be an ideal response?

efwsefaw · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

Look for an understanding that investment in exportable goods must increase above trend during borrowing to provide foreign exchange earnings sufficient to repay the debt without a drop in the standard of living.