Economy and Education Systems
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Questions and Answers

What is the primary characteristic of a knowledge economy?

  • Dependence on natural resources
  • Low level of technological advancement
  • High level of manual labor
  • Significant role of knowledge and information in production (correct)

What is the term for the trend of expanding access to tertiary level education to a larger proportion of the population?

  • Differentiation of access
  • Massification (correct)
  • Knowledge economy
  • Varieties of capitalism

What does the concept of differentiation of access refer to in the context of massification of tertiary education?

  • The expansion of access to higher education to a larger proportion of the population
  • The uniformity of education across all institutions
  • The decline of higher education enrollment
  • The differences in the quality and type of education received (correct)

What are the implications of the type of university attended or the level of education obtained on individuals' outcomes?

<p>Significant implications for job opportunities, wages, and employment security (C)</p> Signup and view all the answers

What theory suggests that capitalist economies are not uniform and can be classified into distinct types based on their institutional arrangements and policy frameworks?

<p>Varieties of Capitalism (VoC) theory (D)</p> Signup and view all the answers

How do different types of capitalism shape various aspects of economic organization, according to VoC theory?

<p>Through many aspects, including education and skill development (D)</p> Signup and view all the answers

In Coordinated Market Economies, education is characterized as emphasizing

<p>vocational training tailored to industry needs (D)</p> Signup and view all the answers

What is the primary reason for the persistence of existing institutional arrangements and policy frameworks over time?

<p>Institutional path dependencies (D)</p> Signup and view all the answers

What is the primary advantage of general skills in education?

<p>Enabling individuals to approach new challenges and think creatively (D)</p> Signup and view all the answers

What shapes the incentives for educational institutions and individuals regarding the expansion of higher education?

<p>Skill policy systems (D)</p> Signup and view all the answers

What is the cultural force that influences the pursuit of higher education?

<p>The university route (C)</p> Signup and view all the answers

In countries with a strong tradition of vocational training, what might be the consequence for higher education?

<p>Resistance to expanding higher education (B)</p> Signup and view all the answers
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