In the early 2000s, Chinese officials indicted members of a forgery syndicate that sold several hundred diplomas to high school graduates who needed the diplomas to take employment tests. This situation, where having the certificate of knowledge is more important than the knowledge itself, is known as:
A. the brain drain.
B. human capital.
C. certification.
D. credentialism.
Answer: D
You might also like to view...
Suppose Ariana deposits $75,000 in her bank. If the reserve ratio is 20 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks
A) $15,000 B) $375,000 C) $750,000 D) $1,500,000
Automatic stabilizers are provisions in the law which create automatic ________ in government spending or ________ in taxes when real output declines.
A. decreases; decreases B. increases; increases C. increases; decreases D. no change; no change
Since 1870, U.S. labor productivity growth has averaged roughly 2.1 percent annually
a. True b. False Indicate whether the statement is true or false
A $10,000 federal subsidy per student in higher education would benefit
a. a student by exactly $10,000 b. a university by exactly c. the student and the university in such a way that they would split the $10,000. d. the student and the university in such a way that they would each get $10,000.