A human capital externality is
A) when there is a human capital congestion effect.
B) when human capital causes pollution.
C) when someone purchases a book, for example.
D) when an individual has an unique skill.
E) when higher human capital for one person increases the human capital of others, or makes them more productive.
Correct Answer:
Verified
Q52: Decreasing the fraction of time devoted to
Q53: The production function exhibits
A) increasing returns to
Q54: Government policies that increase the efficiency of
Q55: The endogenous growth model appears consistent with
Q56: In the endogenous growth model presented in
Q57: If the time allocated to human capital
Q58: In the endogenous growth model presented in
Q59: The marginal product of human capital
A) rises
Q60: The idea that contact with others with
Q61: What are the major factors affecting standards
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