Mary is an 18-year-old high school graduate who can take a job paying $30,000 without further education. The prevailing interest rate is 10 percent.
-The essence of human capital theory is that:
A) Investments are made in human resources so as to improve their productivity and, therefore, their earnings.
B) All workers who want to increase their salary should obtain a university diploma.
C) Workers invested in higher education in order to send a signal to potential employers regarding their underlying ability.
D) Firms spend money on their capital stock and equipment in order for labour to become more productive.
Correct Answer:
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Q1: In the context of investments in human
Q2: According to the signaling theory of education,
A)
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Q6: In the context of discounted present value,
Q7: Mary is an 18-year-old high school graduate
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