What do we mean by the economics of education? To what extent do you think educational planning and policy decision ought to be guided by economic considerations. Explain.

Q: What is the difference between Theoretical and Applied Research?

A: Research can either be theoretical or applied.

Q: A marginal change is one that       a. is not important for public policy.       b. incrementally…

A: The wants and desires of individuals in an economy or society are unlimited but the resources…

Q: What is “upward and downward causation” in institutional economics?

A: The term institutional economics was announced by Walton Hamilton at a meeting of the American…

Q: What is the opportunity cost of your MBA education? How does the opportunity cost to you change if…

A: Opportunity cost is the foregone benefit from an alternative selected.

Q: How do major issues that emerged in the 1980's- for example AIDS, The War On Drugs, and mass…

A: Answer in Step 2

Q: How has Public Policy shaped higher education in USA

A: U.S is having a low population rate and resources instead it is a developed countries due to its…

Q: Identify the business and economic implications of differences in culture.

A: Cultural differences are the differences in beliefs, culture, language, decisions, and various other…

Q: Explain any four Economic condition for an increase in demand for education in a country over a…

A: Merely in the easy words the increase in the amount of the demand means in an economy that the…

Q: Economics as a course is referred to as "Social Science". Is the term used, Social Science, valid?

A: Economics is considered as science, arts as well as social science based on its characteristics and…

Q: Beginning in the late 1970s, economic reform in China allowed farmers, for the first time, to keep a…

A: China started a series of economic reforms in 1979. The central government provided farmers with…

Q: What role, if any, will marginalism, incentives, and disinterestedness play in the questions you ask…

A: Marginalism refers to the study of marginal relationships and theories within the economics. The…

Q: C. Explain five economic conditions for an increase demand for education. ;

A: here we explain five economic conditions for an increase demand for education as follow:-

Q: does the supply side of the market relate to the real world of business in relation to managerial…

A: Supply side economics deal with the supply of goods and services. It mainly deals with market from…

Q: What are the major learning outcomes from studying macroeconomics course?

A: Macroeconomics is a feild of study that deals with economy as a whole. It basically deals with…

Q: Which of the following is true?   a. Human choice is generally not influenced by changes in…

A: Economic decisions are those decisions in which people will choose what to do with limited…

Q: Explain the theory that education acts as a signaling device. How does this contrast  with the…

A: In an economic transaction, the action of sending the information taken by individuals with more…

Q: Why is it important to know how to identify topic sentences or thesis statements?

A: A topic sentence is a sentence that summarises a paragraph's main idea. It encapsulates or organises…

Q: What are some of the criticisms of recent government policies in education?

A: Education is considered to be central for the politics of a country for those who lead alongwith…

Q: explain why education is under consumed in the market place and what this means for society

A: Education is a merit good. Other examples of merit good include healthcare, museums, etc.

Q: What were Milton Friedman economic theory’s general principles and who did he advise? Could you also…

A: Milton Friedman was a Nobel Peace Prize winner and an American economist. He created a number of…

Q: Why is the opportunity cost of attending college higher for a 50 year old than for a 20 year old?

A: Opportunity cost also called the implicit cost is the cost of the next best alternative that is…

Q: What is the 4th Industrial Revolution and Education 4.0 and its importance?

A: The fourth industrial revolution is of eliminating the boundaries between the physical, biological,…

Q: What are the economic and accounting costs of higher education?

A: Economic cost considers both the accounting cost, which is the explicit cost, as well as the…

Q: How might conscious capitalism be applied in international markets? Give an example of a company…

A: Conscious Capitalism leaders aim to honour and find out a voice of the stakeholders, from investors…

Q: discuss/explain Transformational leadership.

A: Meaning of Managerial Economics: The term managerial economics refers to the process of a…

Q: What contributions are community colleges making tohigher education?

A: The institution providing higher education which provides a curriculum of two years that could lead…

Q: What is your opportunity cost for taking the time to study for a test?

A: opportunity cost is the cost of the next best alternative foregone. It is calculated by comparing…

Q: Which of the following statements is not an empirical evidence regarding education? a.Higher levels…

A: Education has a positive spillover effect on the society.

Q: How does the learning curve positively affect a person in their college studies. Does this achieve…

A: Learning curve is positively affecting the college studies and not leads to diminishing return.

Q: What is meant by flexibility in economic terms?

A: Meaning of Economics: The term economics refers to the situation under which there remains…

Q: How do you think the impact of technology in economics is changing the choices for future careers?…

A: Technology is growing very fast. In this present time every single work is now being done by machine…

Q: How is education level impact the lives of consumers?

A: Consumers are the people who make purchases. For a business organization, it is very important to…

Q: Economic models are: Precise representations of reality that include as many details as possible in…

A: In economics, economists play an important role to explain the significance of studing economics and…

Q: Thorstein Veblen discussed the Theory of Leisure. I need an answer for that specific theory for…

A: The Theory of the Leisure Class: An Economic Study of Institutions (1899) presents the…

Q: How are Milton Friedman’s economic theories applied?

A: Milton Friedman is widely considered to be one of the most important economists and political…

Q: Assess the importance of Elinor Ostrom’s work for economists?

A: The tragedy of the commons The tragedy of the commons is a social and economic problem where…

Q: What is the relevance and importance of managerial economics to students and accountants?

A: Economics as a study is associated with the decision making phenomenon, where the entities in the…

Q: The incentive to innovate would be reduced because which of the following makes research and…

A: Duplication is the act of making an exact copy of something. In research and development projects…

Q: Why do you think that college enrollments have flattened from 2010 to 2019 and are projected to be…

A: When making decisions, rational consumers want to maximize their own utility or satisfaction. Often,…

Q: Do you believe that education serves primarily to increase human capital, or to serve as a signaling…

A: Most people are aware that the "college wage premium," or the additional income one might expect…

Q: The statistical institution in your country project a 22.5% increase in the number of workers in the…

A: In economics, various variables are used to describe the economic condition and the connection…

Q: What are the roles of public and private funding in higher education ?

A: Traditionally, the government has played a major role in higher education funding.In the mid…

Q: Socialization is defined as ________. A. the process of adjusting and adapting to a…

A: The process of internalizing societal norms and ideals is known as socialization.Learning and…