Which of the following would best encourage investment in human capital?
a. Higher marginal tax rates on labor income
b. Higher interest rates
c. Expansion of college loan programs
d. A decrease in the wage gap between high school and college-educated workers
e. A reduction in life expectancy that encourages earlier retirement
C
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In present value, if 140 delayed utils are only worth 70 utils now, the discount weight must be equal to ________
A) 1/2 B) 1/8 C) 1 D) 2
Fiscal policy can also contribute to___________________.
a. unemployment b. pollution c. inflation d. global warming
If Libby can produce 20 gallons of beer or 5 gallons of wine per hour, her opportunity cost of one gallon of beer is 4 gallons of wine.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. Figure 19.1 Refer to Figure 19.1. The employers? tax burden is
A. $0. B. $700. C. $1,400. D. $2,100.