How much higher education would we expect to be produced in the free market?

Q: why being poor is expensive? expand

A: The economics as an area of study deals with the use of resources in the economy, or society. The…

Q: What major factor(s) led to the European colonization of Africa?

A: European Imperial forces start to exploit and occupy Africa during 1800s.

Q: According to economists why do students tend to study?

A: Through a variety of perspectives, economists and social scientists examine student behaviour,…

Q: In a capitalist economy, is income inequality necessary for economic growth?

A: - Income inequality is the unequal income distribution between different entities in society. It is…

Q: the difference between mercantilism, liberalism, and Marxism. How does each view the purpose of…

A: Mercantilism was a trade-related economic policy that mainly existed from the 16th to the 18th…

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: You are in the market for a used 2006 Honda Accord. You know that half of the 2006 Accords are…

A: Externality:It is an economic problem when people take benefit from the economic goods. It is…

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: Why are young entrepreneurs crucial to the Philippine Economy?

A: Over the past years, Philippine's Economy has experienced a major remarkable transformation. In…

Q: In a mixed economy, who determines what to produce? Individuals and government Individuals…

A: Concept of Market: In economics, the market theory deals with the system which characterizes the…

Q: Sub-Saharan Africa includes some of the poorest nations in the world. What would you say is the…

A: The reasons that Sub- Saharan Africa includes some of the poorest nations in the world are…

Q: Do you think state run colleges should be free?  Who benefits from free college tuition?  Who might…

A: Public services are those services that are for the people of thr country. These services are…

Q: What is the effect of urban migration on the economic development of a country?

A: Urban migration is the process of workers or laborers moving from rural areas to urban areas or…

Q: Explain socialist and mixed economic system.

A: FEEL  FREE  TO ASK FOR CLARIFICATIONS.

Q: Education seems to be important for human capital deepening. As people become better educated and…

A: Human capital refers to the stock of skills and knowledge that workers acquire through education and…

Q: How do you view entrepreneurship in terms of its importance and roles in our economy?

A: Entrepreneurship is the most efficient use of unused resources, labor, and money. Entrepreneurs take…

Q: Your time is a scarce resource. What if the quantity of time were increased, say to 48 hours per…

A: Scarcity:Scarcity refers to the basic economic problem that arises because resources (including…