Which one of the following is TRUE?
A) New growth theory suggests that there is no connection between the level of education in a country and its rate of economic growth.
B) New growth theory suggests that education benefits only those people who receive it, and not the population as a whole.
C) Investments in secondary education produce gains in the form of economic growth.
D) Secondary education does not boost economic growth in developing nations, because so much of the workforce remains in agriculture.
C
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Indicate whether the statement is true or false
When a firm is experiencing diminishing marginal returns, marginal cost is
a. rising b. falling c. constant d. rising at first, then falling e. zero