Economics of education and finance questions.
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1 | Mention important factors of production in the education market, In what forms of payments are these factors being rewarded? Short answers |
2 | Depending on the price of education ans assuming a market economy, there may be shortage or surplus in the production of education in a country. Elaborate. Short answers |
3 | What are the key assumptions of each of the three critique models of human capital theory? Short answers |
4 | Due to inadequacy of public resources for financing education , developing nations like Tanzania have adopted some strategies for financing education. Describe these strategies briefly. Long answers |
5 | Describe the working of microeconomic model of education which includes the government (illustrate your answer with simple diagram) Long answers |
6 | Briefly, describe the implications of the fact that resources available for education and other sectors of the economy are scarce. Long answers |
7 | Describe any four characteristics of good macroeconomic performance. Short answers |
8 | What policy instrument can Nations use in order to achieve economic excellence? Short answers |
9 | With relevant examples, briefly, explain the following concepts
Long answers |
10 | Since late 1990s there has been a sharp increase in demand for secondary education in all developing African Nations. How can this situation be explained? Long answers |