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Author Question: The relationship between education and economic growth can best be summarized by saying that A) ... (Read 27 times)

cmoore54

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on: Jun 29, 2018
The relationship between education and economic growth can best be summarized by saying that
 
  A) educated people are less apt to consume goods that deplete economic resources, which encourages economic growth.
  B) educational expenditures tend to divert funds from productive investments, which discourages economic growth.
  C) educational expenditures tend to be inflationary, which discourages economic growth.
  D) education has benefits beyond those who receive the education, which encourages economic growth.

Question 2

Explain the business cycle by describing the phases and turning points.
 
  What will be an ideal response?


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Jane

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The business cycle has two phases, the expansion where GDP is increasing and the recession where GDP is declining for at least two consecutive quarters. There are two turning points, the peak, where an expansion ends and a recession begins, and the trough, where a recession ends and an expansion begins.


cmoore54

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Reply #2 on: Jun 29, 2018
Correct answers!


Jane

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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