Does education increase economic growth? Explain your answer

What will be an ideal response?

Yes. While the relationship is not easily quantified, but there does seem to be a positive relationship between education and economic growth. At the same time, however, higher incomes (from economic growth) cause individuals to consume more education, so the causality runs both ways. This is why we see such a large correlation between education and economic growth in the aggregate.

Economics

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Refer to Figure 17-2. If the wage rate is $20, how many workers should Becca hire?

A) 6 B) 5 C) 4 D) 3

Economics

How does adverse selection affect the participation of small- and medium-sized firms in the stock market?

What will be an ideal response?

Economics