The Demand for Education Is Determined by the

question 9

Multiple Choice

The demand for education is determined by the

• A)demand for human capital.
• B)demand for nonhuman capital.
• C)supply of human capital.
• D)supply of nonhuman capital.

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Definitions:

Natural Resources

Materials or substances that occur in nature and can be used for economic gain, such as minerals, forests, water, and fertile land.

Liability of Foreignness

The challenges and costs associated with operating in a market outside of a company's home country, including cultural differences and unfamiliar regulatory environments.

Import Tariffs

Taxes imposed by a government on goods and services imported into a country, used to control trade and protect domestic industries.

Global Demand

The total demand for a product or service across all countries and regions around the world.