Why university degree can be treated as form of capital

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Reference no: EM13892049

1) Explain why a university degree can be treated as a form of capital

2) 'Most countries import substantial amounts of goods and services from other countries.’

‘A nation can enjoy a higher living standard only if it can produce a large quantity of good and services itself.’

How can these two statements be reconciled?

Reference no: EM13892049

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