The Economist article on human capital says that human capital theory tries to answer which of thefollowing questions?Why has each new generation spent more time in school than the one that came before?Human capital theory tries to answer all of these questions.O Why should universities charge tuition fees?Why have earnings of highly skilled workers risen even as their numbers have also increased?DQuestion 4The Philips reading says thatO human capital theory replaces rational expectations theoryO human capital theory is an extension of the Ricardian theory of rentO human capital is a central neoclassical economic theory attempting to explain why people receive the wagesthat they do.all of these answers are correctmany economists today reject human capital theory because of the effects of the Great Recession on thelabor markethuman capital theory can now be used to explain the market failures associated with global warming

The human capital theory places that human creatures can expand their useful limit through more…

Answered: The Economist article on human capital…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 8P

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If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
As the baby boom generation retires, the ratio of retirees to workers will increase noticeably. How will this affect the Social Security program? How will this affect the standard of living of the average American?
What is structural unemployment? Give examples of structural unemployment.
Assume there are two countries: South Korea and the United States. South Korea grows at 4 and the United States grows at 1. For the sake of simplicity, assume they both start from the same fictional income level, 10,000. What will the incomes of the United States and South Korea he in 20 years? By how many multiples will each countrys income grow in 20 years?
Are U.S. unemployment rates distributed evenly across the population?
recently read an article that concluded that, when adjusted for inflation, paychecks today have nearly the same purchase power as they did 40 years ago. As a layperson, I take this to mean that, while the ordinary American's standard of life hasn't increased in several decades, it hasn't deteriorated either. I'm struggling to reconcile this figure with the "shrinking middle class" and the need for people to work several jobs to make ends meet, both of which have progressively evolved over the same 40-year period. I assume the answer is growing housing, school, and healthcare costs, but aren't these things factored into the inflation adjustment calculation?
Who has given the concept of wage fund theory?a) J.S. Millb) Marshallc) Ricardiond) Jevons Please Dont Use AI tool.
Who has given the concept of wage fund theory?a) J.S. Millb) Marshallc) Ricardiond) Jevons
What is meant by investment in human capital? Use this concept to explain (a) wage differentials and (b) the long-run rise of real wage rates in the United States.
Question 1Let’s assume that a country in the Caribbean reports the following labour statistical data to its citizen in 2011.Labour force: 140,200Individuals under 16 years: 12,400Employment: 132,700Imprisonment: 980 Working age population: 210,900 Armed forces: 18,600 Use the information given to calculate the following:a) Unemployment rateb) Labour force participation ratec) Employment to population ratiod) Institutionalized population ratioe) Not in the labour forcef) Working age population ratio
The members of the parliament want to know why labour force participation ratesfor womenin the 25-34 and 35-49 age groups are lower than the labour force participation rates for men.Use economic theory to explain the reasons behind these differences.
20- What does employment in the narrow sense include? a) Entrepreneur B) Fee NS) Natural resource D) Capital TO) Work

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