FIGURE 14- 1 Suppose an island economy has only two labour markets - fishing (high skill)and farming (low skill).There are 1000 males and 1000 females in the labour force.There is an equal distribution of skilled and non- skilled workers among each sex.

-If you choose to stay in school beyond the compulsory minimum period,you are

Question

FIGURE 14- 1 Suppose an island economy has only two labour markets - fishing (high skill)and farming (low skill).There are 1000 males and 1000 females in the labour force.There is an equal distribution of skilled and non- skilled workers among each sex.
 
-If you choose to stay in school beyond the compulsory minimum period,you are

Quizplus · Accepted Answer

By choosing to stay in school beyond the compulsory minimum period, you are investing further in your human capital. This will increase your skills and knowledge, and potentially lead to higher paying job opportunities in the future. Therefore, it is the best choice economically.

FIGURE 14- 1 Suppose an Island Economy Has Only Two