College students who increase their human capital by acquiring the skills required for certain occupations typically earn higher incomes than high school graduates. This is called:
A. the learning effect of a college education.
B. the signaling effect of a college education.
C. the discriminatory effect of a college education.
D. None of these
Answer: A
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The theory that private negotiations have the potential to make some people better off without making anyone worse off when negative externalities are present is known as: a. the Negative Externality Theorem. b. the Sexton Theorem
c. the Coase Theorem. d. the Abatement Theorem.
Many developing countries have a static comparative advantage in the production of one or two primary products. In what ways might specialization in these products contribute to growth and development? In what ways might this fail to contribute?
What will be an ideal response?
As their respective names imply, monopoly and monopolistic competition are the most similar of the four market structures
Indicate whether the statement is true or false
Refer to the above table. If the price of the product is $1.50, and the marginal factor cost of an additional unit of an input is $105, how many units of labor should be hired?
A) 11 B) 12 C) 13 D) 14