Which of the following is the best example of an investment in human capital?
a. on-the-job training received by an apprentice electrician
b. an increase in the number of hours worked per week by a worker in an unskilled laboring job
c. the purchase of company stock by a worker
d. payments into a retirement pension plan by a skilled laborer
a
You might also like to view...
One possible reason as to why consumers respond to sales is that by displaying a "high" regular price and a "low" sale price, sales provide consumers with a reference point to interpret the prices being offered
Indicate whether the statement is true or false
In Figure 16-2 above, the line BF is
A) the MPK less the user cost of capital. B) the user cost of capital less MPK. C) the MPK. D) the demarcation line for profitability.
What is a policy that could help recipients of government aid avoid the poverty trap?
a. Providing aid regardless of a person’s income b. Requiring recipients to perform community service c. Setting a time limit for how long benefits can be received d. Limiting the amount of benefits a person can receive
A variable that is essential to economic growth is:
A. savings. B. technology. C. capital. D. All of these are important to economic growth.