The Economist article on human capital says that human capital theory tries to answer which of thefollowing questions?Why has each new generation spent more time in school than the one that came before?Human capital theory tries to answer all of these questions.O Why should universities charge tuition fees?Why have earnings of highly skilled workers risen even as their numbers have also increased?DQuestion 4The Philips reading says thatO human capital theory replaces rational expectations theoryO human capital theory is an extension of the Ricardian theory of rentO human capital is a central neoclassical economic theory attempting to explain why people receive the wagesthat they do.all of these answers are correctmany economists today reject human capital theory because of the effects of the Great Recession on thelabor markethuman capital theory can now be used to explain the market failures associated with global warming

The human capital theory places that human creatures can expand their useful limit through more…

Answered: The Economist article on human capital…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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please answer question g h
Explain labour economics? If anyone answer this question immediately giving 3dislikes ll modified question
Discuss the validity of the following statement "Given the clear predictions provided by economic theory, empirical work relating to the construction of labor market policies does not provide any added value."
Explain how intertemporal substitution is important for current labour supply and for the current demand for consumption goods.
Please answer fast please arjent help please answer
Claudia Goldin argues that married women's labor force participation increased in the US during 1930s and 1950s due to the following developments Increased demand for office and other clerical workers with the new information technologies Increase in high school enrollment and graduation of women from 1910 to 1930 Decline in fertility rates and increase in divorce rate a and b
Explain Human Capital Theory: who are the major contributors and what it is about?
Chose the trrue statement. a. Sincce the mid 1800ss , Unitedd States of America has experienced substantial migration in workforce in the following order: From service sector to agriculture, and then from agriculture to manufacturing. b. Moderniization or advances in technology, and smarrter processes are example factors that have increased manufacturing productivity in the US. c. The Clarrk-Fisher hypothhesis implies that as productivity increases in one sector, the labor force moves to another sector. d. b and c are true.
21. It takes y* years to graduate from college. For workers in Group A (high-skill workers) the cost of going to college is $5,000 per year (CA=5,000y). For workers in Group B (low-skill workers) the cost of going to college is $10,000 per year (CB=10,000y). Employers cannot observe the skill of job candidates, but they can observe whether or not they graduated from college. Employees will be offered $60,000 if they graduate from college, and they will be offered $30,000 if they do not have a college degree. In equilibrium, a college degree can be used as a signal of the worker's type if a. 4
Which of the following is an investment in human capital? O A firm engages in on-the-job training. O An individual decides to enroll in a vocational training program. O All of the answers. O The government expands its programs to improve health care.
Define and explain the Theory of Wages and what are the relationship with the productivity and economic of wealth, please explain with a graph.
This figure depicts a model of labour supply and consumption for the US in 1900 and 2013. The wage rate is shown to have increased between the two years. Which of the following are true? (Ignore the dashed orange line) Consumption ($) 300 225 150 75 0 8 10 12 14 D 16 18 Hours of free time 20 ← a. The income effect dominates the substitution effect, leading to a reduction in the hours of work. b. According to this model, Americans work more and consume more in 2013 than in 1900 ☐c. The substitution effect dominates the income effect, leading to an increase in the hours of work. d. According to this model, Americans consume more and enjoy more free time in 2013 than in 1900 22 24

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