Robert Lucas,a Nobel laureate in economics,argues that there are ________ returns to human capital.
A)increasing
B)decreasing
C)constant
D)negative

Question

Quizplus · Accepted Answer

Robert Lucas argued that there are increasing returns to human capital, meaning that the more you invest in education and skill development, the higher the return or payoff in terms of earnings and productivity. This is because as individuals acquire more skills and knowledge, they become more productive, which results in higher wages and better job opportunities.

Robert Lucas,a Nobel Laureate in Economics,argues That There Are ________