Why is eradicating child labor seen as an economic investment?
What will be an ideal response?
Answers should include reference to the estimated $5 trillion in economic gains and a high rate of return on the investment needed to eliminate child labor and provide more education up to age 14.
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The real interest rate is ________ related to the supply of loanable funds because ________
A) negatively; the opportunity cost of consumption expenditure increases as the real interest rate rises B) negatively; people are motivated to save more as the real interest rate rises C) positively; people are motivated to increase their consumption expenditure as the real interest rate rises D) positively; the opportunity cost of consumption expenditure increases as the real interest rate rises E) None of the above answers is correct.
Discuss the relationship between world trade and world Gross Domestic Product (GDP) since the early 1950s
What will be an ideal response?