Explain Human Capital Theory: who are the major contributors and what it is about?

Consider a simple economy whose only industry is fishing. In this industry, productivity-the amount of goods and services a worker can produce per hour-is measured by the number of fish one fisherman catches per hour. In the following table, match each example to the productivity determinant it represents. Human Capital Examples A route fishing boats can follow to maximize their catch at different points in the day The boats in the fishing fleet The fertile waters in which the fish feed and breed The skills workers develop through training before working on and piloting boats Natural Resource Physical Capital Technological Knowledge

Discuss the ways a college degree a form of capital.

a Discuss the meaning and importance of the Leontief paradox b (a) Discuss the meaning and importance of the Leontief paradox. (b) Summarize the empirical results of Kravis, Keesing, Kenen, and Baldwin on the importance of human capital in helping to resolve the paradox. (c) How was the paradox seemingly resolved by Leamer, Stern, Maskus, and Salvatore and Barazesh? (d) What is the status of the controversy today? a Discuss the meaning and importance of the Leontief paradox b

Which of the following is not a dilemma of social capital? A. Some groups can promote values that do not align with the majority’s view of a good society. B. Some associations allow only members of certain status. C. Groups allow people to bond and create communities. D. Some groups have very strong ties that can threaten the larger, collective good.

Answer the given questions IN YOUR OWN WORDS and write your answers on the provided answer sheet. 1. The hardship of a family in Pahang forces two out of nine children of rubber tapper to quit school, and other four will have the same fate if the situation becomes worse. The head of the poor family said he couldn’t afford to send six children to school. He then decided to pull out of two of them from school after failing to get help in order to provide enough food everybody in the family. This is considered a sacrifice by the family in order to let the other four children continue their education. However, if the situation gets worse and without help of anyone, there is a possibility that the four children will have to quit school as well. This sad story has gained the attention of the Ministry of Education which has contributed school uniforms and textbooks to them. The government has also decided to give the four children scholarships, and monthly allowance of will soon be given…

Which of the following groups has the fastest-growing population in the United States? a. ​Households headed by female members b. ​Households headed by married couples c. ​Households headed by male members d. ​Households headed by Hispanics e. ​Households headed by African Americans

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