A Model Is Based on an Assumption That an Additional

question 83

Multiple Choice

A model is based on an assumption that an additional year of education increases a student's future wage by 20 percent.
-Refer to the scenario above.Which of the following statements is true about the model's prediction?

• A) The prediction cannot be verified empirically.
• B) The prediction is precise, exact, and accurate for the entire population.
• C) The prediction is an approximate relationship and may not hold for everyone.
• D) The prediction can be applied to estimate the returns only for a limited number of years of additional education.

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Definitions:

Sex Differences

Variations between males and females that can be biological, physiological, psychological, or social in nature.

Intimate Partner Violence

Violence or aggression that occurs within a romantic relationship, encompassing physical, sexual, emotional, and psychological forms of abuse.

Social Control

Mechanisms, strategies, and institutions designed to regulate individual and group behavior in an attempt to conform to norms and rules.

Threatens

To express an intention to inflict harm or punishment on someone or something.