The Wage-Schooling Locus Is

question 30

Multiple Choice

The wage-schooling locus is

• A) downward sloping because education is generally productive.
• B) upward sloping because education is generally productive.
• C) backward bending.
• D) horizontal because wages are unrelated to schooling.
• E) vertical because education is a public good.

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Definitions:

Cash Cycle

It describes the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Inventory Period

The amount of time it takes for a company to sell through its current stock of inventory.

Accounts Receivable Period

The average number of days that it takes a company to collect payments after a sale has been made, a critical component of managing cash flow.

Accounts Payable Period

The average number of days it takes for a business to pay its suppliers and vendors.