CQ 3: Why is the small business such a good place to exploit your human capital?
8 important questions on CQ 3: Why is the small business such a good place to exploit your human capital?
What are 2 implications for higher returns to formal education?
- To stimulate people with higher levels of formal education to become entrepreneurs
- To stimulate people who wish to become entrepreneurs to go to school first
What could be 2 shortcomings of characterising the small business as a bleak house
- Direct management control
- Poor working conditions
What are 5 possible explanations for higher returns to formal education?
- Higher risk premium
- Underreporting income
- Particular occupations
- Different education distribution
- Organizational constraints (decision authority)
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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What is the 'higher risk premium' explanation for higher returns to formal education?
What is the 'underreporting income' explanation for higher returns to formal education?
What is the 'particular occupations' explanation for higher returns to formal education?
What is the 'different education distribution' explanation for higher returns to formal education?
What is the 'organizational constraints (decision authority)' explanation for higher returns to formal education?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
