The return on human capital
A) tends to be much greater than the return on physical capital.
B) tends to be much lower than the return on physical capital.
C) is similar to the return on physical capital.
D) cannot be related to the return on physical capital since human capital and physical capital are so different.
C
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Under which of the following circumstances would private saving be positive in a closed economy?
A) Y = $6 trillion C = $2 trillion TR = $8 trillion G = $3 trillion public saving = $1 trillion B) Y = $10 trillion C = $5 trillion TR = $2 trillion G = $2 trillion public saving = $1 trillion C) Y = $8 trillion C = $2 trillion TR = $4 trillion G = $2 trillion public saving = $4 trillion D) Y = $9 trillion C = $5 trillion TR = $1 trillion G = $1 trillion public saving = $3 trillion
Saving in the economy:
A. Occurs when current spending is less than current incomes B. Is generally not a determinant of future output C. And investment are essentially the same concept D. Occurs when current consumption is more than current output