If, in a given country, there is a large effect of the human capital of others on human capital accumulation by each individual, then

Question

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When there is a large effect of the human capital of others on human capital accumulation by each individual, it implies that individuals can benefit from the knowledge and skills of those around them, leading to a more rapid equalization of knowledge and skills across the population. This, in turn, can lead to a faster convergence in incomes as individuals become more equally equipped to contribute to and benefit from the economy.

If, in a Given Country, There Is a Large Effect