If Alexia is more educated and better trained than Felix,economists would use the ________ model to predict that Alexia should earn the higher wage.

Question

Quizplus · Accepted Answer

The human capital model predicts that individuals with more education and training will earn higher wages, as their investment in their own human capital increases their productivity and value in the labor market. Therefore, if Alexia is more educated and better trained than Felix, economists would use the human capital model to predict that Alexia should earn the higher wage.

If Alexia Is More Educated and Better Trained Than Felix,economists