If an individual possesses an ability that others cannot acquire, payment to that individual is
A. partly economic rent.
B. a return called the real wage.
C. a return from investment in human capital.
D. comparable to the return to well-trained nurses.
Answer: A
You might also like to view...
Consumer surplus is
A) the total difference between the total amount that consumers actually pay for an item and the total amount that they would have been willing to pay. B) the total difference between the total costs firms incur in producing an item and the utility consumers derive from purchasing the item. C) the total difference between the total amount that consumers would have been willing to pay for an item and the total amount that they actually pay. D) the total difference between the utility consumers derive from purchasing an item and the total costs firms incur in producing the item.
Time spent filling out tax forms, time spent keeping tax records, and government resources spent to enforce tax laws are examples of the __________ of the U.S. income tax system
Fill in the blank(s) with correct word
Who among the following is included in the labor force?
A. A retired commander of the armed forces. B. A man doing 10 years in prison for armed robbery. C. The president of Microsoft. D. A hardworking homemaker who does not want to be employed outside the home.
If a political scientist believes Brazil is on the brink of civil unrest, which will significantly reduce next year's coffee supply, he should ________ coffee futures
Other things constant, he is more likely to profit from his decision when ________ people are aware of the possibility of the civil unrest. A) sell; fewer B) buy; fewer C) sell; more D) buy; more