An economy has two jobs, one that requires education and one that does not.If the wage difference between the two jobs is not sufficient for individual workers to make a return on their investment in education, it is likely that:

Question

Quizplus · Accepted Answer

When the wage difference is not sufficient to cover the costs and provide a return on investment in education, fewer individuals will be motivated to pursue the necessary education, leading to a decrease in the supply of educated workers. This, in turn, can cause wages for jobs requiring education to rise due to the reduced supply of qualified workers. Overall, workers will have little incentive to pursue education under these conditions, making all the provided options correct.

An Economy Has Two Jobs, One That Requires Education and One