The returns to education are
A) lowest in developing nations. B) highest in developing nations.
C) never reflected in the wages of workers. D) highest in developed nations.
B
You might also like to view...
Fill in the blank(s) with the correct words. Hint: along inside outside
a. Points ________ the production possibilities frontier are possible and efficient. b. Points ________ the production possibilities frontier are possible but not efficient. c. Points ________ the production possibilities frontier are not possible.
The Federal Reserve monetary policy goals of maximum employment mean..
What will be an ideal response?
Marginal utility is the change in:
A. total utility when an extra unit of output is produced. B. marginal utility when an extra unit of output is consumed. C. total utility when an extra unit of output is consumed. D. average utility when an extra unit of output is consumed.
The real business cycle model focuses on how
A) wage and price stickiness explains fluctuations in real GDP. B) the labor theory of value is the best measure of value of a good or service. C) the Federal Reserve should adopt a monetary growth rule. D) productivity shocks explain fluctuations in real GDP.