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Quiz5_answers - Economic Development Quiz 5 Human Capital...

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Economic Development Quiz 5 Human Capital Before doing the quiz, please open www.gapminder.org . Click “Load Gapminder World”. Make sure that you have income per person on a horizontal axis (the program sets it as default). You will need indicators from the health section (on a vertical axis) to answer questions 8, 9, and 10. 1. Internal rate of return to schooling tend to increase when a) Government provides more scholarships to bright students. b) More schools are built. c) More financial aid is offered to students from poor backgrounds. d) Marginal benefits of one year of schooling go up. Answer: D 2. Comparing the costs and benefits, both private and social, of education leads economists to the conclusion that a) The privately optimal strategy would be to focus on secondary education. b) The socially optimal strategy would be to focus on primary education. c) The socially optimal strategy would be to focus on secondary education. d) The privately optimal strategy would be to focus on private education. Answer: B
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Quiz5_answers - Economic Development Quiz 5 Human Capital...

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