If Gloria Is Woman in a Developing Country, Then It

question 20

Multiple Choice

If Gloria is woman in a developing country, then it is likely that

• A)she is less educated than most men in her country
• B)her brother has dropped out of high school, but not she has graduated
• C)she has more employment opportunities and earns higher wages than her male classmates
• D)she and other women will not have to work long hours in agriculture
• E)she has special access to resources such as land, capital, and technology

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Definitions:

Voluntarism

Voluntarism is the principle that emphasizes the importance of individual will or voluntary actions in the determination of social or political outcomes.

Free Rider Problem

A situation in which some individuals benefit from resources or services without paying their fair share of the costs, leading to undersupply or overuse.

Insurance Scheme

A system or plan that provides financial protection against certain risks, such as illnesses or accidents, typically through the collection of premiums.

Adverse Selection

A situation in which one party in a transaction has more or better information than the other, often leading to imbalances and inefficiencies in markets, especially insurance.