Given the amount of time and other costs of investing in human capital that it takes to earn a Ph.D., why are college professors paid less than other occupations that require similar or lesser amounts of human capital?
If being a college professor is considered prestigious, the compensation need not be as great. Also, there are aspects of this profession that many people find desirable. Hours are flexible. The environment is clean and safe. There are long vacations during the year, and professors can usually take summers off.
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One reason why many low-income countries experience low rates of growth is because of poor public education and health
Indicate whether the statement is true or false
Overall, U. S. citizens and foreign-born residents embrace change that promises overall growth. This is evidenced by which of the following?
(a) Innovation (b) The growth of new industries and the demise of others (c) Population migration from one part of the U.S. to another (d) All of the above
The equilibrium price and quantity in a monopoly market:
A. is efficient. B. is the same as a perfectly competitive market. C. causes a loss of total surplus. D. causes no welfare costs.
QN=80 (17799) The economy's inflation rate is the
a. price level in the current period. b. absolute change in the price level from the previous period. c. change in the gross domestic product from the previous period. d. percentage change in the price level from the previous period.