Of the theories listed below, which do the best job of explaining why educated people are paid more than uneducated people?
a. human-capital and price-fixing
b. human-capital and signaling
c. wage-differential and signaling
d. wage-differential and compensating-differentials
b
Economics
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In the absence of discrimination, as human capital investments increase, wages will generally
A) decrease. B) increase. C) not change. D) increase or decrease.
Economics
What is the long-run effect on the demand curve of a monopolistically competitive firm when more firms enter the market?
a. Demand curve shifts to left. b. Demand curve remains the same. c. Demand curve shifts to right. d. Demand curve become flatter.
Economics