The acquired skills and knowledge that make people more productive is brain capi

Question

The acquired skills and knowledge that make people more productive is brain capital. human labor. human capital. physical capital. Which of the following statements is most accurate? Because of the increase in skills and knowledge demand for workers decrease due to costs. Because of the increase in skills and knowledge demand for workers decrease due to productivity. Because of the increase in skills and knowledge demand for workers increase due to costs. Because of the increase in skills and knowledge demand for workers increase due to productivity. Which of the following statements is true concerning marginal benefit and marginal cost of education? The marginal private benefit is less than the marginal private costs for the 16th year of education. The marginal private benefit is equal to the marginal private costs for thel6th year of education. The marginal private benefit is greater than the marginal private costs for the 16th year of education. The marginal social benefit

Explanation / Answer

17. c. human capital

18. d. Because of increase in skills and knowledge demand for worker increases due to productivity.

19. a. The marginal private benefit is less than the marginal private costs for the 16th year of education.

20. a. positive externality

21. c. wealth

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