In the U.S., each additional year of schooling has historically raised a person's wage on average by about

a. 5 percent. In less developed countries the gap between the wages of educated and uneducated workers is smaller.
b. 10 percent. In less developed countries the gap between the wages of educated and uneducated workers is smaller.
c. 5 percent. In less developed countries the gap between the wages of educated and uneducated workers is larger.
d. 10 percent. In less developed countries the gap between the wages of educated and uneducated workers is larger.


d

Economics

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Economics

Which of the following is a strong assumption for static and finite distributed lag models??

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Economics