Tom, the manager and owner of a small company, believes in the signaling theory of education, not the human capital theory. As such, we would expect Tom not to offer which of the following company benefits?
a. employer-matching 401k retirement plan contributions
b. tuition reimbursement for workers who take college classes
c. on-site day care
d. health insurance
b
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Relative to the United States, the European Union antitrust law focuses more on all of the following except which one?
A) ethics B) furthering the social interest C) the leveling of the competitive playing field D) fairness
The most powerful tool unions have at their disposal when bargaining with management is
A) the Taft-Hartley Act. B) the ability to strike. C) the secondary boycott. D) the power of pure competition.
If the Fed wanted to expand the money supply as part of an antirecession strategy, it could
a. increase the reserve requirements. b. buy U.S. securities on the open market. c. raise the discount rate. d. sell U.S. securities on the open market.
In the equation for the production function Y/L represents
a. productivity. b. output. c. the availability of natural resources. d. the amount of human capital.