Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Chapter 18, Problem 3.2P
To determine
Identify the role of education in human capital.
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Chapter 18 Solutions
Principles of Economics (12th Edition)
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- In what sense is education a type of capital?arrow_forwardDiscuss the role of education and skill development in determining an individual's earning potential and career opportunities.arrow_forwardList three steps you can take to help make the leap fromconsumer to business professional.arrow_forward
- Outline the benefits of encouraging a learning culture with the work team.arrow_forwardIn addition to price increases and consumer demand, what is another economic factor that can affect career opportunities? Demographic trends Interest rates Foreign competition Changing uses of technology Geographic trends All of these choices are correct. Explain your answer and cite sources pleasearrow_forwardWhat would be the impact of rational self-interest on your decision whether to attend college fulltime or enter full-time work force?arrow_forward
- Discuss the difference between General Training and Specific Training. Give Examples.arrow_forwardCan the retained earnings be reinvested in the business? How?arrow_forwardHow would you recommend a high school student develop soft skills as an investment in their human capital? Explain in a paragrapharrow_forward
- How can the franchising industry best maximize its impact on the world of business in the coming years?arrow_forwardSome types of technological changes reduce the cost of capital. Use the concepts of substitutability and complementarity to discuss how such technological change could be good for some workers and bad for other types of workers.arrow_forwardHow might education raise a worker’s wage without raising the worker’s productivity?arrow_forward
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