In what way is a college degree a form of capital?

Q: What is the steady-state level of capital per worker? (Round your answer to three decimal places.)

A: Steady state of capital per worker is achieved where change in capital (∆k) is equal to zero. and ∆k…

Q: Define the concept of rate of return on investment?

A: Rate of return on investment measures the net gain or loss of an investment over a period of time.…

Q: What is the relationship between the supply of savings and the demand for capital investment for…

A: The economic science see the study of allocation of scarce resources within the most optimum method,…

Q: The capital that is consumed by an economy or a firm in the production process is known as

A: When can say that in simple word capital is referring to all those things which are usually created…

Q: What is Paid-in capital?

A: In exchange for stock, the shareholder gives a full amount of cash or asset to the company is known…

Q: Why is economic growth necessary for reducing poverty and inequality

A: Economic growth refers to process of increasing the total production of goods and services in an…

Q: What is the relevance of productive and allocative efficiency to the economic growth process?

A: The process by which a country's wealth increases over time is known as economic growth. Although…

Q: Which of the following answer is correct ? Factor of production: getting a loan through a local…

A: The inputs which are needed to produce a good or a service are known as factors of production. They…

Q: What is Adam Smith’s view on “accumulation of wealth”?   What does he say “must be done with the…

A: According to adam smith, the needs of an individual lead to a self-interest behavior that creates…

Q: What are the two components of the user cost of capital? Use an example capital good to explain.

A: The capital is the asset which is used to produce other goods or make the production easier. It is…

Q: The catch-up effect says that countries with low income can grow faster than countries with higher…

A: According to the catch-up effect theory , the low income eating countries will grow and will finally…

Q: What does capital intensive require?

A: The technique of production used to produce the goods and services depends upon the type of goods…

Q: Compare and contrast human capital, H, and physical capital, K. How is H different from labour, L?

A: Physical capital refers to a factor of production or input in the production process. A…

Q: What is the age structure of a population? How does it affect population growth and economic growth?

A: *Answer:

Q: What are output per worker, capital per worker, steady-state capital per effective worker and…

A: A worker is a person who participates in productive activities that contribute to the economy's flow…

Q: Since the late 1950s, economists have performed “growthaccounting” studies in the United…

A: In the year 1957 Robert Solow introduced the term economic growth accounting, which is a study of…

Q: Which of the following concepts best describe ‘social capital’?  (a)  Skills and qualifications.…

A: 'Social capital' refers to shared values, ideas, information and opportunities, along with trust in…

Q: explains the relationship between the supply of savings and the demand for capital investment for…

A: Economic development is driven by improvements in the production of commodities and services in…

Q: Draw a correctly labeled graph of a productivity curve that illustrates diminishing returns to…

A: Since the question you have posted consists of multiple parts, we will answer the first three parts…

Q: What are the possible sources of capital

A: In an economy, there is huge differences in the activities of small businesses and large businesses…

Q: In the Malthusian growth model, what happens in the steady state if total factor productivity  goes…

A: The Malthusian Theory of Population is based on the exponential growth of population and arithmetic…

Q: Explain why the cycle of productive capital represents the constant renewal of capital-value, as…

A: Individual capital has always started its journey in monetary form. The entire movement is boosted…

Q: In economics, which of the following is not considered capital? Equipment Stocks and bonds Offices…

A: Answer : stocks and bonds

Q: What is the relevance of productive and allocative efficiency to the growth process?

A: Economic efficiency refers to the state in which all the resources are optimally allocated to serve…

Q: Which of the following is NOT a reason that people and firms can increase productivity by focusing…

A: Focusing on a few priorities firm will be able to see the results faster. Firms increase…

Q: Which of the following is an example of capital as a factor of production? Group of answer choices…

A: The capital is considered as the factor of production. Capital raises the productivity of labour and…

Q: why do economist believe there is a strong correlation between productivity and the standard of…

A: Correlation refers to the statistic that measures that describes the linear relationship between the…

Q: Is entrepreneur and entrepreneurship the same?

A: Entrepreneurs play an important role in economic development as a catalyst in the process of…

Q: What is the opportunity cost to the society of investing in capital?

A: Opportunity cost is nothing but foregoing opportunity of a project when other project is chosen.

Q: Explain why a university degree can be treated as a form of capital.

A: Human Capital is a measure of education, skills, attributes and capacity of labour which affect the…

Q: Why are socio-economic factors such as consumer's income capacity, occupation, educational level,…

A: The socio-economics factor is a sub-discipline of economics concerned with the study of the…

Q: How does the price of capital tend to change during a boom? During a recession?

A: A boom corresponds to a time of heightened economic activity within any a corporation, a sector, an…

Q: Why does an increase in the labor force cause the Market Productivity of Capital to increase?

A: Marketing productivity is a measure of the profit responsiveness by segment to different levels of…

Q: Discuss the ways a college degree a form of capital.

A: A college diploma is a type of capital because it will potentially help you acquire a better-paying…

Q: Why do Urban populations are capital accumulating whereas rural populations are capital consuming?

A: There are business cycles which have to be known by the business groups all around the world.…

Q: Is capital a man - made productive resources

A: When talking about economic activities, production is the primary activity that needs various…

Q: What are the predictions of economic theory regarding the relationship between human capital and…

A: Human capital means skilled labour , professional individual , knowledgeable individual with great…

Q: Explain the opportunity cost of investing in capital. Is there any difference in the opportunity…

A: Human Capital:The term human capital refers to the people that have skill and knowledge. However,…

Q: B. In which year, was the first volume of Das Capital by Karl Marx published?

A: To find : When was first volume published

Q: the limitations of capital accumulation, and how it leaves a significant part ofeconomic growth…

A: The capital accumulation implies the increase in the amount of capital in a nation which leads to…

Q: What is the meaning of capital formation in economics, write the detailed note about capital…

A: