Homework Answers
ANSWER-10) When the benefits from investment in education are mainly estimated by economic benefit i.e. taking earning gap between groups of workers with and without education; it is not defining the total benefits of education which includes external benefits as well. The social benefits of education also include the indirect impacts of education that are over and above these direct benefits. Indirect effects of education operate through other variables and feed back over time to enhance the private market and non-market gains. Examples include the contribution of education to better governance, political stability, and trade that improves the growth in economy. These indirect effects improve the conditions under which productivity improves and set the stage for each new round of future growth, benefiting future generations and others.
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10. The benefits from investments in education are typically estimated by taking the earning gap between...
Spence's original education signaling model has been criticized on the grounds that the presence or absence...
Spence's original education signaling model has been criticized on the grounds that the presence or absence of a college degree is a relatively weak signal in today's job market. That is, although the wage gap between those with and without degrees remains large, there appears to be considerable "pooling” of different levels of talent, ability, determination, work ethic, etc., within the group of college graduates. Consider a variation in the model in which firms use grade-point average (GPA) as the...
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Read article on the minimum wage: To complete this activity: 1. Prepare a response to the...
Read article on the minimum wage:
To complete this activity:
1. Prepare a response to the following discussion prompts, based
on the article: Help the Working Poor, but Share the Burden.(see
attached)
(a) Discuss the costs and the benefits associated with
increasing the minimum wage.
(b) If you were are congressional member and had to vote on an
increase in the minimum wage to say $10 per hour would you? Why or
why not?
Help the Working Poor, but Share...
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please help answer these Financial Analysis Exercise #1 You are the newest Financial Analyst in Investments,...
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You must participate in taking part in favor or against the stated P/C topic. It is...
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Write a 1,500 word case study describing how you might advise and help Uber. The issues...
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Spence's original education signaling model has been criticized on the grounds that the presence or absence of a college degree is a relatively weak signal in today's job market. That is, although the wage gap between those with and without degrees remains large, there appears to be considerable "pooling” of different levels of talent, ability, determination, work ethic, etc., within the group of college graduates. Consider a variation in the model in which firms use grade-point average (GPA) as the...
Read article on the minimum wage:
To complete this activity:
1. Prepare a response to the following discussion prompts, based
on the article: Help the Working Poor, but Share the Burden.(see
attached)
(a) Discuss the costs and the benefits associated with
increasing the minimum wage.
(b) If you were are congressional member and had to vote on an
increase in the minimum wage to say $10 per hour would you? Why or
why not?
Help the Working Poor, but Share...
2. Production Possibilities: (a) Suppose an economy produces food and housing. Draw and explain the char- acteristics of its production possibility curve. Explain the impact of (i) a new technology that improves food production and (ii) a new invention that improves both food and housing production. (b) Explain how improvements in education may shift an economy's production pos- sibility frontier. (c) Consider the following three uses of government spending: the purchase of a nu- clear weapon, a “hot meals" program...
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