Asked by
Hamza Bello
on Nov 16, 2024
Verified
According to the human-capital view, education
A) has no effect on lifetime earnings.
B) alters work ethic.
C) enhances productivity.
D) is an indicator of natural ability.
Human-Capital View
A perspective that treats individuals' skills and knowledge as valuable assets that can improve productivity and contribute to economic growth.
Productivity
A measure of efficiency that calculates the amount of output produced per unit of input, such as labor or capital.
- Gain insight into the notion of human capital and its influence on wages.
- Highlight the differential aspects between the signaling and human-capital educational theories.
Verified Answer
SO
Learning Objectives
- Gain insight into the notion of human capital and its influence on wages.
- Highlight the differential aspects between the signaling and human-capital educational theories.
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