It is likely that, if we could measure the quality as well as the quantity of education,
a. the human-capital argument would become less compelling as a means of explaining wage differentials between white workers and black workers.
b. the human-capital argument would become less compelling as a means of explaining wage differentials between male workers and female workers.
c. wage differentials between white workers and black workers would be more puzzling than they are now.
d. wage differentials between white workers and black workers would be more fully explained.
d
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When considering the factor distribution of income, which of the following income is represented as proprietor income?
A. Interest for loans on capital. B. Rent for capital. C. Wages for workers D. Labor or capital factors that proprietors put into their businesses
Unlike consumption, which is fairly stable over time, investment is subject to erratic fluctuations
Indicate whether the statement is true or false
The Lend Me Your Ears Company monopolizes the production of a specialized hearing aid. The Lend Me Your Ears Company will find it profitable to reduce output as long as marginal cost is
A. less than marginal revenue. B. positive. C. equal to marginal revenue. D. greater than marginal revenue.
Which of the following is an asset of a family?
A. Unpaid credit card balance B. Mortgage C. Checking account balance D. Student loan