Robert Lucas Argues That There Are ________ Returns to Human

question 32

Multiple Choice

Robert Lucas argues that there are ________ returns to human capital, and any productivity increases are not completely captured by individuals as they decide how much education to purchase. As a result, the market produces ________ education and training.

• A)increasing; too much
• B)decreasing; too much
• C)increasing; too little
• D)decreasing; too little

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Definitions:

Inversion

In chemistry, this refers to the process by which the spatial arrangement of atoms in a molecule is reversed.

Retention

The phenomenon where the configuration of a molecule remains unchanged during or after a chemical process.

Substitution

A chemical reaction in which an atom or group of atoms is replaced with a different atom or group of atoms in a molecule.

Specific Rotation

A measure of the degree to which a compound can rotate plane-polarized light, typically expressed in degrees and dependent on concentration, temperature, and wavelength.