If a larger fraction of the population receives public education, and a smaller fraction receives private education, then
A) there will be a higher rate of convergence of incomes across the population.
B) aggregate growth rates must fall in the long run.
C) for each individual there should be a smaller effect on human capital accumulation due to the human capital of others.
D) human capital will grow at a higher rate for everyone.
E) inefficiency must increase.
Correct Answer:
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A)increases total factor productivity.
B)is
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A)Friedman
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A)growth depends on
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