The prediction that workers get additional training only when the rewards from the training are expected to exceed the costs of the training (including the opportunity costs)is based on the:
A)principle of comparative advantage.
B)principle of diminishing returns to capital.
C)scarcity principle.
D)cost-benefit principle.

Question

Quizplus · Accepted Answer

The cost-benefit principle says that marginal benefits of a decision should exceed marginal costs for additional training to occur.

The Prediction That Workers Get Additional Training Only When the Rewards