Asked by Charles Johnson on May 03, 2024
Verified
Randomized control trials can help economists evaluate the impact of global aid programs in the same way that doctors test drugs.
Randomized Control Trials
Experimental studies where subjects are randomly assigned to a treatment group or a control group to measure the effect of interventions.
Global Aid Programs
International efforts and initiatives aimed at providing financial, technical, or humanitarian assistance to countries and communities in need.
- Acquire knowledge about the crucial importance of property rights and government regulations in stimulating economic development.
Verified Answer
KL
Karlee LindemanMay 06, 2024
Final Answer :
True
Explanation :
Randomized control trials (RCTs) allow economists to assess the effectiveness of global aid programs by comparing outcomes between a group that receives the intervention and a control group that does not, similar to how doctors test the efficacy of drugs.
Learning Objectives
- Acquire knowledge about the crucial importance of property rights and government regulations in stimulating economic development.