Question
Source: https://www.youtube.com/watch?v=1eO90aV-5G8 1/ What's is the relationship shown on the marginal productivity curve between lifetime income and productivity? There is a direct relationship. The relationship
Source: https://www.youtube.com/watch?v=1eO90aV-5G8
1/ What's is the relationship shown on the marginal productivity curve between lifetime income and productivity?
There is a direct relationship.
The relationship depends on income only.
There is an inverse relationship.
There is no relationship.
2/ What is the relationship shown on the marginal productivity curve between lifetime income and productivity for poor inner-city kids?
There is no relationship.
There is a direct relationship.
There is an inverse relationship.
The relationship depends on how poor inner-city kids are.
3/ What's the explanation for smart inner-city kids that end up with low economic prospects and never reflect on the conventional marginal productivity curve?
Poor inner-city kids are smart but do not like school.
Poor inner-city kids are smart but lazy
Poor inner-city kids do not see intelligence translating into higher lifetime income because of the lack of opportunities. Many of them try to make as much money as they can in the short-run while there are negative consequences in the long-run.
Poor inner-city kids don't know how smart they are.
4/ Due to the lack of opportunities in poor areas, as a result, often, many smart inner-city kids are either in jail or dead.
True
False
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