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:

Token Economy

An operant conditioning procedure in which individuals earn tokens for exhibiting desired behavior which can later be exchanged for rewards.

Systematic Desensitization

A therapeutic technique used to reduce phobia or anxiety through gradual exposure to the feared object or situation coupled with relaxation exercises.

Human Freedom

The concept referring to the power or capacity of humans to act or not act, make choices, and exercise will within the constraints of certain societal and physical factors.

Stress Inoculation Training

A psychological therapy that helps people to cope with stress by preparing them to deal with future stressors.