Which of the Following Theories Explains Why Increased Education Translates

question 79

Multiple Choice

Which of the following theories explains why increased education translates into higher wages?

• A)human-capital theory
• B)the theory of compensating differentials
• C)the theory of supply and demand
• D)comparative advantage

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Definitions:

Pain Transmission

The process by which pain signals are relayed from the site of injury or irritation through the nervous system to the brain.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brain down through the backbone, facilitating communication between the brain and the body.

Vestibular Receptors

Sensory receptors located in the inner ear that contribute to balance and spatial orientation by detecting changes in head movements and positions.

Gravity

The natural force of attraction exerted by a celestial body, such as Earth, on objects, drawing them toward its center.