Homework SourseTo achieve a higher stock of human capital in its economy a
To achieve a higher stock of human capital in its economy, a nation should:
A) encourage population growth
B) promote tax- deductible college savings plans
C) use less capital and more labor in the production process
To achieve a higher stock of human capital in its economy, a nation should:
A) encourage population growth
B) promote tax- deductible college savings plans
C) use less capital and more labor in the production process
A) encourage population growth
B) promote tax- deductible college savings plans
C) use less capital and more labor in the production process
Solution
Option (B).
Tax-deductible college savings plans will encourage people to undertake college education, which will increase knowledge and skills, therefore increasing human capital in the economy.
