Economists call education an investment in human capital. Define capital. In what sense is education capital? Investments

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Economists call education “an investment in human capital.” Define capital. In what sense is education capital?
Investments are undertaken to earn a rate of return. Describe the return to an investment in a college education. How would you go about measuring it? How would you decide if it is good enough to warrant the investment?

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Principles Of Economics

ISBN: 9781292294698

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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