Limited liability happens if:

Group of answer choices

i. The borrower does not pay back the loan in case of involuntary default (or an unsuccessful project).

ii. The lender cannot take away the borrowers assets.

iii. The burden of default of an individual loan falls to the entire group

i. and ii. are true

i. and iii. are true

ii. and iii. are true

Suppose that a CCT program increases schooling for poor individuals by 1.0 years, and increases long-term earning by 9% from an average of $2,895 per year.

What are the returns to education in this population? The result will be "x%" , enter x with 2 decimals, no need to write "%".