The human capital model assumes that
a. education is a productive investment that raises total output.
b. education does not change potential productivity, but it does save resources by reducing sorting costs for employers.
c. the educational system is a very expensive process to legitimize the intergenerational transmission of privileged status.
d. such factors as the love of learning should be included in the analysis.
a
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Refer to the scenario above. Jill will derive ________ units of utility if she tries to move the tree while Jack does not try at all
A) 5 B) -5 C) -2 D) 10
Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Estonia consume?
A) 50 B) 70 C) 90 D) 120
The largest component of the M1 definition of the money supply is:
a. traveler's checks. b. savings accounts. c. money market accounts. d. checkable deposits
In economics "short run" is defined as
a. as a period of time when at least one of the four factors of production is fixed in supply b. A period of time during which at least one production input is fixed while others are variable.