To achieve a higher stock of human capital in its economy, a nation should: A) e
ID: 1257609 • Letter: T
Question
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
Explanation / Answer
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.