Questions and Answers
What is the main objective of individuals investing in education?
To increase their future income
How does health expenditure contribute to human capital formation?
By increasing the supply of healthy labor force
In what way is spending on education by individuals similar to spending on capital goods by companies?
Both aim to increase future profits or income
Why is health considered an important input for both individual and national development?
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What is the significance of firms investing in on-the-job-training for their workers?
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What is the main reason firms insist that workers should work for a specific period of time after their on-the-job training?
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Why do technically qualified persons like engineers and doctors migrate to other countries?
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Why is expenditure on migration considered a source of human capital formation?
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Why do people spend to acquire information relating to the labour market and other markets?
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Why is expenditure incurred for acquiring information also considered a source of human capital formation?
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