Suppose that empirical studies of the human-capital theory find conclusive evidence that education enhances productivity. What would these finding suggest for optimal public policy? Question 30 options: Compulsory schooling laws increase social well-being. The benefits of increased productivity need to be weighed against the opportunity cost of education. Everyone should be required to finish high school. A university education should be required of all members of society.

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Answered: Suppose that empirical studies of the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose that empirical studies of the human-capital theory find conclusive evidence that education enhances productivity. What would these finding suggest for optimal public policy?

Question 30 options:

	Compulsory schooling laws increase social well-being.
	The benefits of increased productivity need to be weighed against the opportunity cost of education.
	Everyone should be required to finish high school.
	A university education should be required of all members of society.

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