The slope of the wage-schooling locus provides an estimate of
A) the average years of education as a function of age.
B) the average wage or salary of workers for a given level of schooling.
C) the economic return to an additional year of schooling.
D) the economic cost of an additional year of schooling.
E) the marginal cost of an additional year of schooling.
Correct Answer:
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Q1: What is implied when the wage-schooling profile
Q3: If ability is positively related to schooling,
Q6: Why might people choose to go to
Q7: Which of the following reasons is not
Q8: Paula is considering going to law school.
Q11: Which statement about human capital is false?
A)Human
Q12: Present value calculations allow one to determine
A)the
Q14: In order to use schooling as a
Q15: In 2013, approximately what percent of adults
Q18: The wage-schooling locus is
A) downward sloping because
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