What Factor Has Prevented Caribbean Countries from Reaping the Full

question 160

Multiple Choice

What factor has prevented Caribbean countries from reaping the full benefits of their extensive investment in education?

• A) brain drain
• B) the continuing importance of the informal sector
• C) drug trafficking
• D) offshore banking and online gambling
• E) All of the choices are correct.

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Definitions:

Long-Run

A term referring to a period of time in economics during which all factors of production and costs are variable.

Short-Run

A period where at least one factor of production is fixed, and firms can only adjust the variable factors.

Diminishing Marginal Returns

A principle stating that as an investment in a particular area increases, the rate of profit from that investment, after a certain point, starts to decrease.

Monitoring

The regular observation and recording of activities taking place in a project or program, for oversight and evaluation purposes.