Economics:
Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Chapter 30, Problem 2E
To determine

To explain:

The meaning of human capital and state whether a college degree can be considered as human capital.

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What is human capital? Is education important in increasing the quality of human capital or not?
In what sense is education a type of capital?
What is the difference between labor and human capital? How can human capital be increased?
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