What Factor Has Prevented Caribbean Countries from Reaping the Full

question 29

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 above

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Definitions:

U.S. Imports

Goods and services purchased by residents of the United States that are produced in and brought from other countries.

Long-Run Effect

The ultimate impact of economic policies or market changes, characterized by all inputs and outputs being variable and firms fully adjusting to new conditions.

Tariff on Imports

A levy placed on imported goods and services by a government to shield local industries from overseas competition.

Total Output

The complete quantity of goods or services produced by a company, sector, or economy within a specific timeframe.