Which of the following would best encourage investment in human capital?
a. Higher marginal tax rates on labor income
b. Higher interest rates
c. Expansion of college loan programs
d. A decrease in the wage gap between high school and college-educated workers
e. A reduction in life expectancy that encourages earlier retirement
C
Economics
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What does it mean to have an absolute advantage in the production of two goods?
What will be an ideal response?
Economics
The market for used cars is not considered perfectly competitive because:
A. there is complete information. B. the good is standardized. C. there are always very low transaction costs. D. the buyers are not price takers.
Economics