Question

Remittances by native workers living and working abroad:

Select one:

a. are much larger than reported by official statistics.

b. often exceed the amount of foreign aid received by a country.

c. substantially diminish the alleged negative effect of the “brain drain.”

d. All of the above.

The high private rates of return to higher education, relative to the social returns, as given by the accumulated evidence on the costs and benefits of education probably reflect the fact that higher education:

Select one:

a. is usually paid for by the students themselves.

b. is usually subsidized by governments.

c. costs more per student than other levels of education.

The main reason many economists have concluded it is likely that there has been under-investment in human capital in developing countries is that:

Select one:

a. returns to education are generally much higher in developing economies than in the developed economies.

b. education levels are very low in developing countries.

c. some educated people immigrate to developed economies, a phenomenon known as the “brain drain.”

Which of the following growth models does not assume that the decision to save is equivalent to the decision to invest?

Select one:

a. The extended Solow model.

b. The Schumpeterian model.

c. The Harrod-Domar model.

Answer 1

Answers :

Remittances by native workers living and working abroad:

Select one:

a. are much larger than reported by official statistics.

b. often exceed the amount of foreign aid received by a country.

☑️c. substantially diminish the alleged negative effect of the “brain drain.”

d. All of the above.

The high private rates of return to higher education, relative to the social returns, as given by the accumulated evidence on the costs and benefits of education probably reflect the fact that higher education:

Select one:

a. is usually paid for by the students themselves.

☑️b. is usually subsidized by governments.

c. costs more per student than other levels of education.

The main reason many economists have concluded it is likely that there has been under-investment in human capital in developing countries is that:

Select one:

a. returns to education are generally much higher in developing economies than in the developed economies.

b. education levels are very low in developing countries.

☑️c. some educated people immigrate to developed economies, a phenomenon known as the “brain drain.”

Which of the following growth models does not assume that the decision to save is equivalent to the decision to invest?

Select one:

a. The extended Solow model.

☑️b. The Schumpeterian model.

c. The Harrod-Domar model.