12 Questions
What is the analogy used to compare investment in human resources?
Investment in land and capital
Why do educated parents invest more heavily in their children's education?
To ensure their children have higher earnings in the future
What kind of cycle is created by educated parents investing in their children's education and health?
Virtuous cycle
What may disadvantaged parents create if they do not invest in their children's education and health?
Vicious cycle
How did countries like Japan become developed and rich despite lacking natural resources?
By investing in education and health of their people
What has contributed significantly to making countries rich/developed according to the text?
Efficiency and technology evolved by people
What was the main focus of liberals in the 19th century?
Safeguarding the rights of individuals against governments
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
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
What did radicals oppose that liberals did not have an issue with?
The privileges of great landowners and wealthy factory owners
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
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
Explore the concept of investing in human resources, such as education and medical care, and how it can lead to high rates of return in the future. Learn about the benefits of investing in children's education and health, and how educated parents tend to prioritize their child's education.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
