Explain some of the reasons why developing countries have not realized a greater positive development impact from their higher education programs
What will be an ideal response?
Lack of program focus on the needs of the country and lack of mechanisms to ensure college graduates have the incentives to apply their abilities to pressing development needs. See the chapter.
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When a foreign firm sells its exports at a lower price than its cost of production, the firm is
A) imposing an economies of scale cost. B) dumping. C) avoiding a tariff. D) competing in an infant industry.
The market system fails to provide the efficient output of public goods because: a. people place no value on public goods
b. private firms cannot restrict the benefits from those goods to consumers who are willing to pay for them. c. public enterprises can produce those goods at lower cost than private firms. d. public goods create widespread spillover costs.