Please help me answer this question, I have NO idea on how to go about answering this:
Is human capital (H) substitutable, complementary, or both with labour (L)? Explain. Hint: Think of the impact for a single firm making the entire economy’s output run by a central planner.
Thank you.
Is human capital (H) substitutable, complementary, or both with labour (L)? Explain. Hint: Think of the impact for a single firm making the entire economy’s output run by a central planner.
Thank you.