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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In economics capital typically refers to assets or resources that can be used to generate economic value It can take various forms such as financial capital money physical capital machinery buildings ...View the full answer
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Related Book For 
Mylab Economics With Pearson Access Code For Principles Of Microeconomics
ISBN: 9780135197141,9780135197103
13th Edition
Authors: Karl E. Case; Ray C. Fair; Sharon E. Oster
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