Of the Theories Listed Below,which Do the Best Job of Explaining

question 169

Multiple Choice

Of the theories listed below,which do the best job of explaining why educated people are paid more than uneducated people?

• A) human-capital and price-fixing
• B) human-capital and signaling
• C) wage-differential and derived-demand
• D) cost-allocation and compensating differentials

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Definitions:

Do Not Disturb Sign

A notice displayed to request privacy or indicate that interruptions are unwelcome at that time, often used in hotels.

Venous Stasis

A condition of slow blood flow in the veins, typically in the legs, which can lead to swelling, pain, and complications like varicose veins or venous ulcers.

Thrombus Formation

The process of blood clotting within the vascular system, which can block blood flow and lead to various medical conditions.

General Anaesthesia

A medically induced coma with loss of protective reflexes, resulting from the administration of one or more general anaesthetic agents.