The Government's Role in a Developing Country Is Important During

question 98

Multiple Choice

The government's role in a developing country is important during the country's development process for all of the following reasons except

• A) building social overhead capital cannot successfully be taken on by the private sector.
• B) building infrastructure is a huge project that only the government can undertake.
• C) many social projects are associated with the free-rider problem, which minimizes the rate of return to the private sector.
• D) the government is the only institution with a vested interest in a country's development.

Grasp the concept of compensating differentials and how they affect wage differences.

Recognize human capital and its impact on productivity and wages.

Comprehend the impact of international trade on the demand for skilled and unskilled labor.

Analyze the relationship between education, on-the-job training, and human capital accumulation.

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