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Questions and Answers
Which factor does Gary Becker highlight as the most crucial in creating wealth and growth in a modern economy?
Which factor does Gary Becker highlight as the most crucial in creating wealth and growth in a modern economy?
- Technological advancements
- Human capital (correct)
- Natural resources
- Infrastructure development
In the context of the text, which country is mentioned as an example of being rich in natural resources but poor in human capital?
In the context of the text, which country is mentioned as an example of being rich in natural resources but poor in human capital?
- United States
- Germany
- Japan
- Nigeria (correct)
What did Gary Becker suggest the economy should be called based on his view on human capital?
What did Gary Becker suggest the economy should be called based on his view on human capital?
- Industrial Capitalist Economy
- Technological Capitalist Economy
- Human Capitalist Economy (correct)
- Natural Resource Capitalist Economy
