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:

Cultures

The shared values, traditions, norms, customs, arts, history, folklore, and institutions of a group of people.

Educational Career

The progression of formal learning and academic achievements across a person's life, from early schooling to higher education and beyond.

First Grade

The initial grade of primary education in many educational systems, following kindergarten and preceding second grade, focusing on basic reading, writing, and arithmetic skills.

Grammar

The set of structural rules governing the composition of clauses, phrases, and words in a natural language.