According 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

According 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

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 20SQ

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According to Charles Wheelan's Naked Economics, which of the below is NOT TRUE for human capital? Group of answer choices: a. Human capital increases productivity. b. Human capital makes for healthier people. c. Human capital increases earning potential of workers. d. Human capital increases the cost of labor and makes a nation less competitive globally. e. Human capital makes for better parents.
Draw a production possibilities frontier for a country that produces two goods: capital goods and consumption goods. Show a point of production that will allow a country to achieve the maximum amount of future growth while still producing a small amount of consumption goods.
Billions of people in the world make two dollars a day or less. In fact, a billion people make less than one dollar a day. In such places, a loan of $100 or $200 makes a huge difference. That's where microloans from organizations such as Opportunity International come in. Opportunity International is an organization that grants microloans to people, mostly women, in developing countries so they can invest in a business. Those investments often lead to community growth and employment, and help the owners, themselves, to prosper on a moderate scale. The borrowers must pay back the money with interest—when they do, they can borrow more and keep growing. Opportunity International, unlike some other microlending organizations, also provides a banking function where entrepreneurs can safely put their money. They can also buy some insurance to protect themselves against loss. Opportunity International helps over a million people in over 28 countries, giving them the opportunity to change…
true or false. Institutions and incentives are the ultimate causes of the wealth of nations and economic growth.
Specialization is deciding who can make decisions. True False
true or false Technological developments are a fundamental driver of opportunity.
In The Wealth of Nations (1776), Adam Smith wrote, “The most decisive mark of the prosperity of any country is the increase in the number of its inhabitants.” How would Smith’s view have to be revised today? How would you explain the change to Smith?
In order to satisfy as many wants as possible, a society must achieve productive efficiency: Because otherwise output might go to where it is less valued. Because producing more of one thing also leads to producing more of another. Because producing efficiently leads to maximum production.
Reading Comprehension : Read the text and answer the questions below. Producers and consumers Once people could only trade what they could produce with their hands or find in nature for things that other people had made. Then money became a medium of exchange and economic systems were created. Today, developments in industry and technology have enabled vast quantities of goods to be manufactured, transported, and traded, and a range of services like insurance, banking and retail have also appeared. In the digital age, services such as online shopping have made selling goods even easier and trade is now more global than ever. Have these transformations made our lives better? The most obvious benefits of trade relate to consumer choice. There are so many goods and services to choose from that shopping has now become a leisure activity for many people. The internet has also allowed shoppers to compare prices and choose the best deal. However, there are winners and losers; not all…
Economic theory suggests that we can increase productivity by
Reading Comprehension : Read the text and answer the questions below. Producers and consumers Once people could only trade what they could produce with their hands or find in nature for things that other people had made. Then money became a medium of exchange and economic systems were created. Today, developments in industry and technology have enabled vast quantities of goods to be manufactured, transported, and traded, and a range of services like insurance, banking and retail have also appeared. In the digital age, services such as online shopping have made selling goods even easier and trade is now more global than ever. Have these transformations made our lives better? The most obvious benefits of trade relate to consumer choice. There are so many goods and services to choose from that shopping has now become a leisure activity for many people. The internet has also allowed shoppers to compare prices and choose the best deal. However, there are winners and losers; not all…
Reading Comprehension : Read the text and answer the questions below. Producers and consumers Once people could only trade what they could produce with their hands or find in nature for things that other people had made. Then money became a medium of exchange and economic systems were created. Today, developments in industry and technology have enabled vast quantities of goods to be manufactured, transported, and traded, and a range of services like insurance, banking and retail have also appeared. In the digital age, services such as online shopping have made selling goods even easier and trade is now more global than ever. Have these transformations made our lives better? The most obvious benefits of trade relate to consumer choice. There are so many goods and services to choose from that shopping has now become a leisure activity for many people. The internet has also allowed shoppers to compare prices and choose the best deal. However, there are winners and losers; not all…