An Increase in Human Capital

question 11

Multiple Choice

An increase in human capital

• A) is of secondary importance to economic growth compared to physical capital.
• B) causes the production function to shift downward and become flatter.
• C) causes the production function to shift upward.
• D) causes the production function to shift downward.
• E) can be separated from labor.

Understand the general legal capacity required to enter into contracts.

Distinguish between void and voidable contracts based on parties’ capacity.

Comprehend the special protections afforded to minors in contract law.

Recognize the legal concepts of ratification and disaffirmation of contracts by minors.

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Definitions:

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Hypatia of Alexandria

A renowned mathematician, astronomer, and philosopher of ancient Alexandria, celebrated for her intellectual achievements and tragic death.