Which of the below statements DOES NOT capture what Charles Wheelan has expressed in chapter 6 Productivity and Human Capital of Naked Economics? A) Even the most prosperous economy will contiue to require certain manual tasks that do not require advanced college degrees. These tasks cannot be replaced with automation. Expecting Ph.D.s or people with professional education to do such tasks will have a high opportunity cost. B) Economics tells us that there is no theoretical limit to how well we can live or how widely our wealth can spread. C) The economic prosperity of an economy requires that every person in that economy have a Ph.D. degree. D) Wheelan argues that the free market system does not make poverty inevitable. Economic development is not a zero-sum game.
Which of the below statements DOES NOT capture what Charles Wheelan has expressed in chapter 6 Productivity and Human Capital of Naked Economics? A) Even the most prosperous economy will contiue to require certain manual tasks that do not require advanced college degrees. These tasks cannot be replaced with automation. Expecting Ph.D.s or people with professional education to do such tasks will have a high opportunity cost. B) Economics tells us that there is no theoretical limit to how well we can live or how widely our wealth can spread. C) The economic prosperity of an economy requires that every person in that economy have a Ph.D. degree. D) Wheelan argues that the free market system does not make poverty inevitable. Economic development is not a zero-sum game.
Chapter1: Introducing The Economic Way Of Thinking
Section: Chapter Questions
Problem 4SQ
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Which of the below statements DOES NOT capture what Charles Wheelan has expressed in chapter 6 Productivity and Human Capital of Naked Economics?
A) Even the most prosperous economy will contiue to require certain manual tasks that do not require advanced college degrees. These tasks cannot be replaced with automation. Expecting Ph.D.s or people with professional education to do such tasks will have a high opportunity cost .
B) Economics tells us that there is no theoretical limit to how well we can live or how widely our wealth can spread.
C) The economic prosperity of an economy requires that every person in that economy have a Ph.D. degree.
D) Wheelan argues that the free market system does not make poverty inevitable. Economic development is not a zero-sum game.
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