Over the Past Several Decades, Low-Productivity and High-Productivity Workers in the US

question 38

Multiple Choice

Over the past several decades, low-productivity and high-productivity workers in the US and other countries have tended to invest in their own human capital by completing more years of college than earlier generations. Which of the following reasons does NOT help to explain this trend?

• A) The cost of education for low-productivity workers has declined due to the emergence of online and other nontraditional programs.
• B) The earnings gap between workers with and without education has grown larger over time.
• C) The cost of education for high-productivity workers has increased over time.
• D) The benefit associated with increased education has increased over time.

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Definitions:

Book Of Vouchers

A ledger or book that contains vouchers, which are documents or files acting as evidence for transactions.

Gross Method

A method of recording purchases of inventory at their gross price without any deduction for trade discounts at the time of purchase.

Periodic Inventory Method

An accounting approach where inventory values and cost of goods sold are determined at the end of an accounting period through physical inventory counts.

Purchases Discount

A reduction in the invoice price of goods, granted by the seller to the buyer for early payment within a specified time frame.