Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Textbook Question
Chapter 20, Problem 26CTQ
Education seems to be important for human capital deepening. As people become better educated and more knowledgeable, are there limits to how much additional benefit more education can provide? Why or why not?
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Education seems to be important for human capital deepening and thus economic growth. As people become better educated and more knowledgeable, are there limits to how much additional benefit more education can provide? Why or why not?
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?
What is human capital? Is education important in increasing the quality of human capital or not?
Chapter 20 Solutions
Principles of Economics 2e
Ch. 20 - Explain what the Industrial Revolution was and...Ch. 20 - Explain the difference between property rights and...Ch. 20 - Are there other ways in which we can measure...Ch. 20 - Assume there are two countries: South Korea and...Ch. 20 - What do the growth accounting studies conclude are...Ch. 20 - What policies can the government of a free-market...Ch. 20 - List the areas where government policy can help...Ch. 20 - Use an example to explain why, after periods of...Ch. 20 - Would the following events usually lead to capital...Ch. 20 - What are the advantages of backwardness for...
Ch. 20 - Would you expect capital deepening to result in...Ch. 20 - Why dues productivity growth in high-income...Ch. 20 - How did the Industrial Revolution increase the...Ch. 20 - How much should a nation be concerned if its rate...Ch. 20 - How is GDP per capita calculated differently from...Ch. 20 - How do gains in labor productivity lead to gains...Ch. 20 - What is an aggregate production function?Ch. 20 - What is capital deepening?Ch. 20 - What do economists mean when they refer to...Ch. 20 - For a high-income economy like the United States,...Ch. 20 - List some arguments for and against the likelihood...Ch. 20 - Over the past 50 years, many countries have...Ch. 20 - Labor Productivity and Economic Growth outlined...Ch. 20 - Change in labor productivity is one of the most...Ch. 20 - Refer back to the Work It Out about Comparing the...Ch. 20 - Education seems to be important for human capital...Ch. 20 - Describe some of the political and social...Ch. 20 - Why is investing in girls education beneficial for...Ch. 20 - How is the concept of technology, as defined with...Ch. 20 - What sorts of policies can governments implement...Ch. 20 - As technological change makes us more sedentary...Ch. 20 - An economy starts off with a GDP per capita of...Ch. 20 - An economy starts off with a GDP per capital of...Ch. 20 - Say that the average worker in Canada has a...Ch. 20 - Say that the average worker in the U.S. economy is...
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Similar questions
- Why should Americans be concerned about extreme poverty in other nations? How does the globalized economy impede or promote poverty reduction? Would global economic growth still be desirable if it widened inequalities but reduced poverty? Why or why not?arrow_forwardDiscuss in at least four ways why the education of women is considered the most cost- effective form of development investment.arrow_forwardWhat are the Economic Benefits of Human Capital?arrow_forward
- Discuss in at least four ways why the education of women is considered the most cost- effective form of development investment. Use microeconomics and macroeconomics theories and graphsarrow_forwardThe 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.arrow_forwardDemographers have been surprised that total fertility rates have fallen below 2.0, especially because most people in most countries tell pollsters that they would like to have at least two children. Can you think of any possible economic factors that may be causing women in so many countries to average fewer than two children per lifetime? What about other social or political changes?arrow_forward
- The smaller the percentage of people who work, the higher the potential output per capita.arrow_forwardAccording 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.arrow_forwardWhy is there so much unemployment and underemployment in the developing world, especially in the cities, and why do people continue to migrate to the cities from rural areas even when their chances of finding a conventional job are slim? Give practical examples in your explanation.arrow_forward
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