Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 25, Problem 4PA
To determine
Opportunity cost of investing in capital and human capital.
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What is the opportunity cost of investing in the capital?Do you think a country can overinvest in capital?What is the opportunity cost of investing in human capital?Do you think a country can overinvest in human capital?Explain.
What is the opportunity cost of investing in a physical capital?
Explain the opportunity cost of investing in capital. Is there any difference in the opportunity cost of investing in human capital versus physical capital?
Chapter 25 Solutions
Principles of Economics, 7th Edition (MindTap Course List)
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- Why do Urban populations are capital accumulating whereas rural populations are capital consuming?arrow_forwardIn order to have innovation, you need to a.have strong patent laws b.improve economic growth c.invest in capital d.share the benefits of innovation equallyarrow_forwardIs entrepreneur and entrepreneurship the same?arrow_forward
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