People decide how much schooling to receive based on
A. the marginal rate of return to schooling.
B. their ability to succeed in education programs.
C. their discount rate.
D. the present value of expected future earnings.
E. All of the above factors influence how much schooling one receives.
Answer: E
You might also like to view...
Lynn owns Dust Bunnies, a cleaning company. In one week, she is able to clean 9 houses. If she hires an employee, together they are able to clean 15 houses per week
If Lynn charges $100 to clean a house, and she pays her employee $400 a week, should she hire this employee? A) Yes, because the value of marginal product of the worker is less than the wage. B) Yes, because the value of marginal product of the worker is greater than the wage. C) No, because the value of marginal product of the worker is greater than the wage. D) No, because the value of marginal product of the worker is less than the wage.
Currency reserves on account with the International Monetary Fund used to settle accounts between countries are known as
A) federal reserves. B) official reserve account transactions. C) unilateral transfer. D) special drawing rights.
An investor in an index fund earning 12.3 percent per year would see an investment of $10,000 increase to approximately ____ in 25 years.
A. $11,000 B. $48,000 C. $54,000 D. $170,000
How did the Uruguay Round of GATT impact agriculture?
What will be an ideal response?