What is human capital, and what factors contribute to human capital development?
What will be an ideal response?
Human capital refers to the knowledge and skills possessed by the workforce. Education and training add to human capital and make people more productive. Basic health care also allows workers to become more productive. This includes access to clean water, adequate sanitation, and immunizations against common diseases plus the availability of health care professionals.
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In the figure above, the shift from DLF1 to DLF2 could result from
A) an increase in a government budget surplus. B) the economy entering a recession. C) the economy entering a strong expansion. D) an increase in the nominal interest rate. E) a decrease in the real interest rate.
Development assistance is designed to spur population growth in poor countries
a. True b. False Indicate whether the statement is true or false
Congressman Localstuff always votes for a balanced budget amendment to the U.S. Constitution. He also always votes for spending bills supported by the leadership of his political party. Is this rational?
Suppose there is a decrease in both the demand for and supply of a good. What happens to equilibrium price and quantity?
A. Equilibrium quantity increases, but the effect on equilibrium price is ambiguous. B. Equilibrium quantity decreases, but the effect on equilibrium price is ambiguous. C. Equilibrium price increases, but the effect on equilibrium quantity is ambiguous. D. Equilibrium price decreases, but the effect on equilibrium quantity is ambiguous.