The return to investment in human capital is observed
a. only when workers are assigned identical tasks.
b. in the wage differential between workers.
c. in the high school dropout rate in inner-city urban school districts.
d. in the low wages of educated factory workers.
b
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Aggregate producer surplus in an industry is measured along the market supply curve is and only if firm production technologies exhibit the quasilinearity property.
Answer the following statement true (T) or false (F)
Which level indicates the point of maximum economic efficiency?
A) lowest point on AC curve B) lowest point on AVC curve C) lowest point on MC curve D) None of the above
No government that receives foreign aid sells products to its people
a. True b. False Indicate whether the statement is true or false
Which of the following is true?
a. A budget deficit will reduce the national debt. b. A budget deficit will increase the national debt. c. A balanced budget will increase the national debt. d. A budget surplus will increase the national debt.