The opportunity cost of acquiring education is ?

Related Mcqs:

The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it

A. increase; increase B. increase; reduce C. reduce; reduce D. reduce; increase...

The downward sloping marginal physical product of labor is the firm’s ?

A. Supply of labor B. Short-run demand curve for labor C. marginal cost of labour marginal revenue product of labor...

Involuntary unemployment exists if workers ?

A. will not work at the offered wage B. would work at the going wage but can’t find jobs C. will not work because the hours are anti-social D. Are not prepared to move house to get the job...

Skilled labor is relatively scarce because ?

A. there are too few teachers B. too few student places in higher education C. it is costly to acquire human capital D. teachers’ salaries are too low...

According to the human capital view of education ?

A. has no impact on the human capital of workers? B. increases human capital and the wages of workers C. can make any worker into a superstar D. only helps firms sort workers into high ability and low-ability workers....