10.5

What is the importance of human capital in economic development?

• It is not necessary for economic growth

• It leads to higher levels of education and diverse skills

• It has no impact on economic development

• It only benefits wealthy families

Why is educational inequality considered a structural cause of wealth inequality?

• It limits opportunities for children from less affluent families

• It is not related to wealth inequality

• It does not affect wealth distribution

• It leads to better career opportunities for wealthy families

How does publicly financed education contribute to economic development?

• It only benefits individuals from wealthy families

• It leads to corruption

• It creates generational economic benefits

• It has no impact on economic growth

What is the impact of a well-maintained road system on economic production?

• It only benefits large firms

• It lowers the price of goods

• It has no effect on the price of goods

• It increases transportation costs

How do developing countries finance infrastructural development projects?

• They borrow from international lenders

• They do not need financing for such projects

• They do not invest in infrastructure

• They rely solely on domestic resources

What is the potential consequence if public works projects do not produce economic growth?

• The state will not need to borrow from private lenders

• The state will struggle to pay off the debt incurred

• The state will experience rapid economic growth

• The state will have no difficulty paying back lenders

How do politicians influence the allocation of public works projects?

• They focus on delivering long-term benefits

• They seek to maintain power and provide short-term employment

• They prioritize economic efficiency and necessity

• They do not play a role in project allocation

What role does corruption play in public works projects?

• It does not affect project costs

• It leads to lower project costs

• It increases the cost of projects

• It has no impact on project quality

How does corruption affect the final price of electricity produced by a dam?

• It increases the price of electricity

• It reduces the price of electricity

• It only affects residential electricity prices

• It has no impact on the price of electricity

What is the focus of Video Activity 10.1: Bringing Broadband to Rural Communities?

• Bringing internet access to rural areas

• Enhancing public transportation

• Promoting agricultural development

• Improving urban infrastructure