Suppose that a technological innovation causes the price of capital to decrease and that,in turn,this causes the demand for college graduates to increase and the demand for high school graduates to decrease.Use human capital theory to predict the effect of the technological innovation on college enrollment rates of 18-year olds.Explain using either the present value method or the internal rate of return method.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q29: Mary can take a class that costs
Q30: Which of the following will increase the
Q31: Which of the following best explains why
Q32: Suppose an individual expects to receive a
Q33: What is the internal rate of return
Q35: The wages paid by two careers,X and
Q36: What are the costs of obtaining a
Q37: Suppose that it costs $15,000 per year
Q38: What is meant by the term present
Q39: A college education for Bill,using the market
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents