In a population,the size of the labor force shrinks but a greater percentage of the labor force has a college degree.We can expect the human capital input to
A) be unaffected.
B) increase.
C) decrease.
D) first increase and then decrease.
E) increase or decrease depending on which change has a larger impact.

Question

Quizplus · Accepted Answer

The human capital input could increase or decrease depending on whether the effect of a higher percentage of college-educated workers outweighs the effect of a smaller labor force.

In a Population,the Size of the Labor Force Shrinks but a Greater