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Eco c8

Investment in education and health enhances economic development by boosting human capital and productivity, with varying approaches and contexts such as access to education and healthcare improvements. Child labor, driven by poverty and lack of education, hinders health and economic growth, perpetuating poverty cycles. Gender bias in education and health limits opportunities for girls, while the relationship between health, productivity, and income shows that health inequality and infectious diseases significantly impede economic progress.

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Hasibul Hasan
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8 views1 page

Eco c8

Investment in education and health enhances economic development by boosting human capital and productivity, with varying approaches and contexts such as access to education and healthcare improvements. Child labor, driven by poverty and lack of education, hinders health and economic growth, perpetuating poverty cycles. Gender bias in education and health limits opportunities for girls, while the relationship between health, productivity, and income shows that health inequality and infectious diseases significantly impede economic progress.

Uploaded by

Hasibul Hasan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Chapter 8

Q1. How does investment in education and


health impact economic development?
Provide examples of different approaches
and contexts.
A1. Investment in education and health
positively impacts economic development by
increasing human capital and productivity.
Examples of approaches include policies
promoting access to education, increasing
vaccination rates for preventable diseases, and
improving healthcare services. Contexts can
include high-income versus low-income
countries, as well as different healthcare systems
and education systems.
Q2. Analyze the causes and consequences of child
labor on education, health, and economic
development.
A2. The causes of child labor are poverty and lack
of access to education, which impedes health and
economic development. The consequences of child
labor include limited access to education, poor
physical and mental health outcomes, and
perpetuated cycles of poverty.
Q3. How does gender bias in health and education
affect economic development? Discuss the cost-
effectiveness of investing in the education of girls.
A3. Gender bias in education and health results in
fewer opportunities for girls, negatively impacting
economic development. Investing in the education
of girls is cost-effective as it leads to improved
health outcomes and increased employment opportunities.

Q4. Analyze the supply and demand factors


influencing the educational system in developing
countries. How do social versus private costs impact
education expansion?
A4. The supply and demand for education in
developing countries are influenced by political
processes and government expenditures. Social
versus private costs impact education expansion
with private costs increasing more slowly than
social costs, providing a greater stimulus to demand
for education.
Q5. Explain the relationship between health,
productivity, and income. How does inequality
in health impact economic development, and what
role do infectious diseases play?
A5. Health and productivity are positively related to
income and economic growth. Inequality in health
can negatively impact economic development as it
places limitations on human capital and productivity.
Infectious diseases disproportionately affect
developing countries, creating a barrier to economic
development.

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