Answer:
The correct answer is c. actual market outcomes provide a higher price than the efficient price of education.
Explanation:
In any country, there is a close positive correlation between a greater number of years of study and income, just as a higher degree of education is related to a lower incidence of poverty. In general, knowledge provides a great deal of benefits to its holders, so why might a government policy for investment in human capital be necessary? The answer could be that knowledge generates a series of “external benefits”, which are not always considered by people when making their decisions.
Economic activities generate costs and benefits, which can be private or external. In this way, whoever studies obtains a benefit for himself, for example a better salary, as explained above. That is the private benefit. But a series of external benefits are also generated, for example, the possibility of being better citizens, of improving the communication and performance of people in society, of generating new solutions to different human problems, among many others. Likewise, research and development activities lead to obtaining new knowledge. All these benefits are obtained thanks to preschool, primary, secondary, technical, university education, job training, among others.
<u>Explanation:</u>
They are:
- potential access
- realized access
- equitable or inequitable access
- efficient and effective access
According to Andersen, Potential access refers to the availability of resources that would allow an individual to seek care if needed. The Realized access is viewed as the actual use of the care, that is, the individual realizes (or makes use of ) the potential access. Further, Andersen describes Equitable access as a type of access driven by demographic characteristics and need. While Inequitable access results not from demographic characteristics and need but from the individual's social structure, health beliefs, and enabling resources.
A
Answer:
Problem solving is the act of defining a problem; determining the cause of the problem; identifying, prioritizing, and selecting alternatives for a solution; and implementing a solution
Answer:
B) $4,210 billion.
Explanation:
We will use the expenditure approach to calculate GDP. The formula is:
GDP = Consumption + Investment + Government Spending + Net Exports (Exports - Imports)
Now we take from the question the relevant information:
Consumption
Expenditures for consumer goods and services $2,850
Investment
Gross investment $700
Government Spending
Government purchases of goods and services $810
Net Exports
Exports $300
Imports $450
Net Exports: ($150)
Now, we plug these amounts into the formula:
GDP = $2,850 + $700 + $810 + ($150)
GDP = $4,240 Billion
