Category: Human Capital

A. depreciation of the existing capital stock
B. productive investment
C. dwellings
D. inventories

A. productivity
B. age
C. sex
D. race

A. encourage the use of more capital in the long run, reduce demand for all inputs
B. encourage the use of more capital increase demand for all inputs
C. encourage the use of less capital reduce demand for all inputs
D. encourage the use of less capital, reduce demand for all inputs

A. coal miners must have greater human capital than others
B. we have observed a compensating differential
C. coal miners must be more attractive than other workers
D. we have evidence of discrimination against workers outside the coal mine

A. minimum-wage laws
B. efficiency wages
C. unions
D. beauty

A. variable, technology
B. fixed, expectations
C. fixed, rental rate of capital
D. variable, interest rates

A. its scrap values
B. its depreciation
C. the present value of the future stream of income it can earn
D. the cost of loans

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

A. Increase labor market discrimination because some workers can charge more for their services than other workers in a competitive market
B. have no impact on labour market discrimination
C. reduce labour market discrimination because non-discrimination firms will employ cheaper labour earn more profits and drive discriminating firms out of the market
D. increase labour market discrimination because bigoted employers can charge any price they want in a competitive market to cover the cost of their discrimination

A. course fees
B. course fees and living expenses
C. the earnings foregone
D. Course fees living expenses and textbook