How does opportunity cost to education contribute to low school enrollments in developing countries?
In developing countries, children are often important members of the labor force. If children attend school, they cannot be of help in economic activities like agriculture, which rural households in depend on. This high opportunity cost to education, prevents children from entering school to gain formal education.
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The establishment of the NAFTA agreement
A. was supported by most economists and people in the business community. B. has led to the loss of millions of U.S. jobs to Mexico. C. has more economic integration than the European Union. D. eliminated all internal tariffs among its three members.
Credit cards:
A. are financial assets. B. create money. C. create the need to hold highly liquid assets. D. reduce the value of holding money.