People decide how much schooling to receive based on:
A) Their discount rate.
B) The marginal rate of return to schooling.
C) The present value of expected future earnings.
D) Their ability to succeed in education programs.
E) All of the above factors influence how much schooling one receives.
Correct Answer:
Verified
Q1: Labor force participation rates tend to
A)increase with
Q1: What is implied when the wage-schooling profile
Q2: Why do workers typically pursue their education
Q3: If ability is positively related to schooling,
Q4: In 2013, approximately what percent of adults
Q6: Why might people choose to go to
Q7: Which of the following reasons is not
Q10: The slope of the wage-schooling locus provides
Q11: Which statement about human capital is false?
A)Human
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A) downward sloping because
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