The human capital model assumes that
A. education is a productive investment that raises total output.
B. education does not change potential productivity, but it does save resources by reducing sorting costs for employers.
C. the educational system is a very expensive process to legitimize the intergenerational transmission of privileged status.
D. such factors as the love of learning should be included in the analysis.
Answer: A
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Explain how the development of telecommunications has made cities like Bangalore and Omaha important locations for the development of service trade?
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