Question

Christine’s mother told her that she needed to go to college because it would be the only way she could get a high-paying job. What economic theory would justify her advice?

Answer 1

Answer: Capitalism

Explanation: Capitalist theory argues that capital must be managed, first of all, by private individuals and companies that hire employees who perform activities that generate profit, and, when paid, it has the consequence that, to greater specialization in the activity, the pay received would be higher.