According to Charles Wheelan's Naked Economics, which of the below is NOT TRUE for human capital? Group of answer choices Human capital increases productivity. Human capital makes for healthier people. Human capital increases earning potential of workers. Human capital increases the cost of labor and makes a nation less competitive globally. Human capital makes for better parents

According to Charles Wheelan's Naked Economics, which of the below is NOT TRUE for human capital? Group of answer choices Human capital increases productivity. Human capital makes for healthier people. Human capital increases earning potential of workers. Human capital increases the cost of labor and makes a nation less competitive globally. Human capital makes for better parents

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 1PA

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According to Charles Wheelan's Naked Economics, which of the below is NOT TRUE for human capital? Group of answer choices: a. Human capital increases productivity. b. Human capital makes for healthier people. c. Human capital increases earning potential of workers. d. Human capital increases the cost of labor and makes a nation less competitive globally. e. Human capital makes for better parents.
The Malthusian population trap tell us that a. trade routes of people is responsible for population growth. . b. that there is a stage that income and population stop to grow. c. increased population has nothing to do with economic growth. d. there is inequality in income there fore population is affected e. There is point in which population is not contributing to labor increases.
Economic theory suggests that we can increase productivity by
Political economists have offered a range of explanations of economic and human development. These explanations can be grouped into two types: political and economic. Which type of account best explains why some countries are developed but not others?
In The Wealth of Nations (1776), Adam Smith wrote, “The most decisive mark of the prosperity of any country is the increase in the number of its inhabitants.” How would Smith’s view have to be revised today? How would you explain the change to Smith?
Would you expect the relative returns to primary education, on the one hand, and secondary and postsecondary education, on the other hand, to change as economic development takes place?
Q) The economist of country A is considering the following list of policies. For each of the following policies, determine which factor of growth that the policy is related to((1) natural resources; (2) physical capital; (3) human capital; (4) technology; or(5) institutions): a) Government allows more workers to immigrate b) Government relaxes the regulations for firms to borrow c) Government lends money to farmers to buy machines. d) Government plants more trees to protect the environment. e)Government encourages citizens to vote Solve this early
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The great 18th-century economist Adam Smith wrote, "Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things ' Explain how each of the three conditions Smith describes would promote economic growth. To find additional study resources, visit cengagebrain.com, and search for "Mankiw."
Why do Urban populations are capital accumulating whereas rural populations are capital consuming?
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What is the opportunity cost of investing in the capital?Do you think a country can overinvest in capital?What is the opportunity cost of investing in human capital?Do you think a country can overinvest in human capital?Explain.