The gains from general training in human capital tend

Assignment Help Business Economics

Reference no: EM131172373

The gains from general training in human capital tend to go to the: A. employing firm and not to the individual. B. federal government in the form of higher taxes. C. individual and not to the employing firm. D. parents since they paid for the education in the first place.

The extra wage that is paid to an individual to attract him/her to a less desirable job is called: A. the benchmark competitive wage. B. the general training human capital difference. C. the specific training human capital difference. D. a compensating wage differential.

Reference no: EM131172373

Questions Cloud

What is the nash equilibrium for the one-shot game : Burger King and Wendy’s are engaging into the following one-shot game: if Burger King advertises and Wendy’s does not, Burger King will make $20 million in profits and Wendy’s will make $6 million. Write the payoff matrix for the above game. Does Bur..

Monopolistic competitive firm-what quantity will be produced : The figure above represents Athina's pool supply store, a monopolistic competitive firm. Explain your answers. What quantity will be produced? What price will be charged? What is Athina's economic profit or loss? Is this a long-run equilibrium? Why o..

All social costs occurred under hyperinflation described : Every day, workers in Oceania receive salary twice, once in the noon and once in the afternoon. Usually, the afternoon salary is dramatically higher than the noon one while the noon one is astonishingly higher than yesterday’s afternoon one. Please l..

Distinction between general and specific human capital : Which of the following is a distinction between general and specific human capital? The gains from specific training in human capital tend to go to the:

The gains from general training in human capital tend : The gains from general training in human capital tend to go to the: The extra wage that is paid to an individual to attract him/her to a less desirable job is called:

Impacts on unemployment rate-labor force participation rate : Dr. Frankenstein graduated from PSU in 2009 and entered the labor market seeking for a position. At the beginning of 2010 he found his first job in North Pole. But due to lack of skills required, he lost his job at the beginning of 2011. What are the..

Price elasticity of demand for automobiles : A Researcher estimated that the price elasticity of demand for automobiles in the US is -1.2, while the income elasticity of demand is 3.0. Next year, US automakers intend to increase the average price of automobiles by 5%, and they expect consumers’..

Monetary and fiscal policy impact business cycles : How does our Monetary and Fiscal Policy impact Business Cycles from your perspective? And further, is the impact of Monetary and Fiscal Policy on International Trade and Exchange rates positive or negative from your perspective? Please concentrate on..

Adverse selection in bargaining arises from : Adverse selection in bargaining arises from: FancyFoods restaurant decided to introduce an all-you-can-eat buffet on Tuesdays and Wednesdays to increase business.

User Account

All Pages