Which of the Following Is a FALSE Statement About Education

question 43

Multiple Choice

Which of the following is a FALSE statement about education in the high-growth Asian economies?

• A)An emphasis on state funding of advanced degree programs, such as engineering and computer science, increased manufacturing production significantly.
• B)Literacy rates rose dramatically in the high-growth Asian economies and laid a foundation for a skilled labor force.
• C)As the average educational level rose, workers could take on more technological, sophisticated production, pushing new investment into product lines.
• D)Spending was focused on the primary and secondary level, where it has the greatest social impact.

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Definitions:

Marginal Rate

Often refers to the marginal rate of substitution or marginal rate of transformation in economics, indicating the rate at which one good can be substituted for another.

Transformation

The process of converting inputs into outputs, often relating to the change of raw materials into finished products in the context of production.

Opportunity Cost

The rejection of potential benefits from alternative propositions when favoring one.

Comparative Advantage

The ability of an individual or entity to produce goods or services at a lower opportunity cost than other individuals or entities.