ECONOMICS (CBSE/UGC NET)

ECONOMICS

BARRIERS TO TRADE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What would be the MOST effective way for the Brazilian government to improve the standard of living in the country?
A
The government should nationalize the country’s major industries.
B
The government should increase investment in public education.
C
The government should create barriers to trade with other countries.
D
The government should spend less on investments in human capital.
Explanation: 

Detailed explanation-1: -Brazil has also made an effort to increase funding and put policies in place to equalise funding. Since 2000, education has benefitted from a strong increase in funding and more equal allocation of public funding through a redistribution of national education development funds.

Detailed explanation-2: -To boost growth and create more jobs, Brazil needs to vigorously pursue pension and tax reforms, trade openness, investment in infrastructure, and key financial reforms, the IMF stated in its latest annual economic assessment.

Detailed explanation-3: -Contaminated water . What is the main reason why education became more important to the Brazilian government? Brazil needs educated workers to grow the economy.

Detailed explanation-4: -Restoring fiscal sustainability still represents the most urgent economic challenge for Brazil, despite the ongoing fiscal consolidation achieved throughout 2021.

There is 1 question to complete.