7 Questions
What are the dual roles of health and education in economic development?
Health and education are both inputs and outputs in the aggregate production function, giving them central importance in economic development.
What improvements have been made in world health and education over the past half century?
Child mortality rates have significantly decreased and there has been a significant improvement in literacy rates and basic education in developing countries.
Why are education and health important joint investments for development?
They are investments in the same individual and greater health capital may improve the returns to investments in education, while greater education capital may improve the returns to investments in health.
What is the relationship between income and investments in education and health?
Causality may run in both directions, with higher income allowing for more investment in education and health, while greater education and health may lead to higher productivity and income.
What is the evidence regarding the relationship between income and investment in children's education and health?
Increases in income may not lead to substantial increases in investment in children's education and health, and policies to increase income of poor without focus on how they are spent may not lead to improved health and development.
How does better health status and nutrition affect school performance?
It leads to earlier and longer school enrollment, better school attendance, and more effective learning.
What policy action is required to address market failures in education and health?
Significant policy action is required due to spillover benefits to investment in one's health or education, as the market cannot be relied upon to deliver socially efficient levels of health and education.
Test your knowledge on the crucial roles of education and health in economic development with this informative quiz. Explore how they serve as both inputs and outputs in the aggregate production function, and learn about the significant improvements in global health and education over the years. Keywords: education, health, development, growth, inputs, outputs, economic development.
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