Which of the following is correct? Question options: a) A decrease in the productivity of labour leads to economic growth. b) An increase in the quantity of labor always leads to economic growth. c) Increased education adds to the stock of human capital, not unlike building factories adds to the stock of physical capital. d) Third World countries are rich in human capital.
Which of the following is correct? Question options: a) A decrease in the productivity of labour leads to economic growth. b) An increase in the quantity of labor always leads to economic growth. c) Increased education adds to the stock of human capital, not unlike building factories adds to the stock of physical capital. d) Third World countries are rich in human capital.
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 9P
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Question
Which of the following is correct?
Question options:
a) A decrease in the productivity of labour leads to
b) An increase in the quantity of labor always leads to economic growth.
c) Increased education adds to the stock of human capital, not unlike building factories adds to the stock of physical capital.
d) Third World countries are rich in human capital.
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