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Investment in Human Resource for Future Returns

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Investment in Human Resource for Future Returns

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Questions and Answers

What is the analogy used to compare investment in human resources?

Investment in natural resources

Investment in technology

Investment in land and capital (correct)

Investment in infrastructure

Why do educated parents invest more heavily in their children's education?

To make their children independent at an early age

To reduce the burden of parenting

To ensure their children have higher earnings in the future (correct)

To impress society with their children's achievements

What kind of cycle is created by educated parents investing in their children's education and health?

Educational cycle

Economic cycle

Virtuous cycle (correct)

Vicious cycle

What may disadvantaged parents create if they do not invest in their children's education and health?

Vicious cycle Signup and view all the answers

How did countries like Japan become developed and rich despite lacking natural resources?

By investing in education and health of their people Signup and view all the answers

What has contributed significantly to making countries rich/developed according to the text?

Efficiency and technology evolved by people Signup and view all the answers

What was the main focus of liberals in the 19th century?

Safeguarding the rights of individuals against governments Signup and view all the answers

What differentiated radicals from liberals regarding the right to vote?

Radicals wanted universal adult franchise, while liberals believed only men of property should have the vote Signup and view all the answers

What was a key aspect of conservatives' beliefs in the 19th century?

They accepted that some change was inevitable but believed the past had to be respected Signup and view all the answers

What did radicals oppose that liberals did not have an issue with?

The privileges of great landowners and wealthy factory owners Signup and view all the answers

How did conservatives' views change after the French Revolution?

They accepted the idea of some change but emphasized that change should be slow and respect the past Signup and view all the answers

What was a key difference between liberals and radicals in terms of voting rights?

Liberals believed only men of property should have the vote, radicals wanted the majority of the population to vote Signup and view all the answers