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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?

Significant implications for job opportunities, wages, and employment security (C) 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?

Varieties of Capitalism (VoC) theory (D) Signup and view all the answers

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

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

In Coordinated Market Economies, education is characterized as emphasizing

vocational training tailored to industry needs (D) Signup and view all the answers

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

Institutional path dependencies (D) Signup and view all the answers

What is the primary advantage of general skills in education?

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

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

Skill policy systems (D) Signup and view all the answers

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

The university route (C) Signup and view all the answers

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

Resistance to expanding higher education (B) Signup and view all the answers