The Asian Development Bank has been investing in education and training programs in the developing economies of Asia over the last five years. As a result of this investment, economists who adhere to the human capital view of education would predict
a. rising wages as labor productivity is enhanced.
b. falling wages as the labor market is saturated with too many educated workers.
c. the marginal productivity of capital would not be affected.
d. the marginal productivity of labor would not be affected.
a
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Refer to the scenario above. What is the present value of the gift voucher for Susan?
A) 30 utils B) 45 utils C) 90 utils D) 180 utils
Economic theory predicts
A) balanced budgets are impossible to achieve through a democratic political process. B) budget surpluses are impossible to achieve through a democratic political process. C) budget deficits are likely to occur through a democratic political process. D) the absolute size of the budget will be systematically reduced in the long run through democratic political processes.