Econ Dev_ Chap 7

Question 1

Chinese Philosopher Guan Zhong

Answer 1

if your plan is for one year, plant rice; if your plan is for ten years, plant trees; if your plan is for one hundred years, teach the people

Question 2

Net Enrollment Rates

Answer 2

refer to enrollment rates of only those of the relevant age group

Question 3

Stocks

Answer 3

refer to the amount of schooling embodied in a population

Question 4

Grade Survival Rates

Answer 4

estimate how many children actually complete a certain grade level

Question 5

Flows

Answer 5

net change in those stocks as the result of school enrollment patterns

Question 6

Schooling

Answer 6

is more formal and structured (Schooling vs Education)

Question 7

Education

Answer 7

can be formal or informal (Schooling vs Education)

Question 8

Schooling; Education

Answer 8

___________ is only a means to an end; the real goal is ________________

Question 9

Human Capital

Answer 9

Education is a form of

Question 10

“public good”; positive externalities

Answer 10

Education is a _____________ with ______________

Question 11

investment

Answer 11

Education is an ________________