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.
-How do employers typically finance training?
A) By paying workers a wage which is lower than the value of the marginal product during the early stages of the employment relationship.
B) By paying workers a wage which is greater than the value of the marginal product during the later stages of the employment relationship.
C) By paying workers a wage which is greater than the value of the marginal product during the early stages of the employment relationship.
D) By paying workers a wage which is lower than the value of the marginal product during the later stages of the employment relationship.
E) By charging the new employee/trainees an upfront, out-of-pocket fee.
Correct Answer:
Verified
Q18: Earnings _with age, and thus with labour
Q19: Which of the following refers to general
Q20: The rule for optimal human capital investment
Q21: Which of the following factors does NOT
Q22: Which of the following INCORRECTLY addresses the
Q24: _ in the relative supply of _
Q25: In the context of hiring and recruitment,
Q26: The model of human capital can be
Q27: Which of the following equations corresponds to
Q28: The demand-side interpretation of human capital has
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