MyQuestionIcon

7

You visited us 7 times! Enjoying our articles? Unlock Full Access!

Sources of Human Capital

Spending on e...

Question

Spending on education is a/an .

A

explicit cost

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

investment

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

implicit cost

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

consumption expense

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B investment
Spending on education is investment that is expected to yield high returns.

Suggest Corrections

thumbs-up

0

Similar questions

Q. was announed on Union taxes to boost education spending.

Q. Monthly income of Suresh is

R s 20240

12.5 %

of his monthly income on education. Find what amount he spends on education

Q. Mr. Arvind has a total of Rs.

15, 000

30

% of his money on education. How many rupees does he spend on his education?

Q. Government has started spending more on providing free services like education and health to the poor. Explain the economic value it reflects.

Q. Currently, India spends close to % on education as a share of GDP.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Sources of Human Capital

ECONOMICS

Watch in App

explore_more_icon

Explore more

Sources of Human Capital

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon