The Slope of the Wage-Schooling Locus Provides an Estimate of the

question 1

Multiple Choice

The slope of the wage-schooling locus provides an estimate of the

• A) average years of education as a function of age.
• B) average wage or salary of workers for a given level of schooling.
• C) economic return to an additional year of schooling.
• D) economic cost of an additional year of schooling.
• E) marginal cost of an additional year of schooling.

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