Empirical Evidence Based on Analysis of Education Attainment Suggests That

question 60

Multiple Choice

Empirical evidence based on analysis of education attainment suggests that:

• A)innate ability is the most important determinant of wages
• B)students in states with compulsory schooling laws did not have higher wages than those in other states
• C)almost all wages can be explained by factors linked to the signalling theory
• D)education does increase the marginal productivity of workers

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Definitions:

Common Law

The body of law developed from custom or judicial decisions in English and U.S. courts, not attributable to a legislature.

Judicial Decisions

Outcomes of court cases that establish precedents or legal principles, determined by judges or courts.

Civil Law System

A system of law derived from that of the Roman Empire and based on a code rather than case law; the predominant system of law in the nations of continental Europe and the nations that were once their colonies. In the United States, Louisiana is the only state that has a civil law system.

International Law

The law that governs relations among nations. International customs and treaties are generally considered to be two of the most important sources of international law.