The Data Suggest That Wages Increase More with Age for the Highly

question 14

Multiple Choice

The data suggest that wages increase more with age for the highly educated compared to the less educated. This is evidence that

• A) the return to education is low for all education levels.
• B) the return to education is constant with respect to age.
• C) on-the-job training is unrelated to the level of formal schooling.
• D) less educated workers invest on-the-job training more so than do the highly educated.
• E) highly educated people also invest more in postschooling human capital compared to the less educated.

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Definitions:

Chunking

A memory strategy that involves organizing information into manageable and meaningful groups or units to facilitate learning and recall.

Nonfood Products

Items that are not intended for consumption as food, ranging from household goods to personal care items.

Acronym

An abbreviation formed from the initial letters of other words and pronounced as a word.

First Letters

Refers to the initial characters in a sequence of words or a piece of text, often considered in psychological tests or literature analysis.