If Empirical Tests of the Human Capital Theory Find Conclusive

question 179

Multiple Choice

If empirical tests of the human capital theory find conclusive evidence that education enhances productivity, then optimal public policy would suggest that:

• A)everyone should be required to finish high school
• B)compulsory schooling laws always increase social wellbeing
• C)the benefits of increased productivity need to be weighted against the opportunity cost of education
• D)a university education should be required of all members of society

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Definitions:

Hemorrhagic Stroke

A type of stroke that occurs when a blood vessel in the brain bursts, leading to bleeding within the surrounding tissues and damage to brain cells.

Blood Vessel

Any of the tubular structures carrying blood through the circulatory system, including arteries, veins, and capillaries.

Brain Tissue

The collection of neurons, glial cells, and other cellular components that make up the brain.

Congestive Heart Failure

A condition where the heart is unable to pump blood effectively, leading to a buildup of fluid in the lungs and other body tissues.