Development Economists Suggest That a Key Strategy for the Poorest

question 142

Multiple Choice

Development economists suggest that a key strategy for the poorest DVCs to break out of their poverty is to implement policies that boost their

• A) population growth for a greater labor supply.
• B) output and slow down their population growth.
• C) birth rates to expand their available resources.
• D) mortality rates to slow down their population growth.

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Definitions:

Davis-Bacon Act

A federal law that requires the payment of prevailing wage rates to all laborers and mechanics working on public construction projects.

Walsh-Healy Public Contracts Act

A United States federal law that establishes minimum wage, maximum hours, and safety and health standards for work on contracts with the federal government.

Prevailing Wages

The average wage paid to workers within a specific area for a given trade or occupation, often determined by government standards for public works projects.

Pay Ration Reporting Policy

A policy requiring companies to disclose the ratio of compensation of their chief executive to the median compensation of their employees.