If an Individual Possesses an Ability That Others Cannot Acquire

question 201

Multiple Choice

If an individual possesses an ability that others cannot acquire, payment to that individual is

• A)partly economic rent.
• B)a return called the real wage.
• C)a return from investment in human capital.
• D)comparable to the return to well-trained nurses.

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Definitions:

Halite

Halite is a naturally occurring mineral known as rock salt, consisting mainly of sodium chloride (NaCl), and is often mined for use in cooking and as a road deicer.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's streams, lakes, and oceans, and the fluids of most living organisms.

Carbonate

A salt of carbonic acid, characterized by the presence of the carbonate ion, CO3^2-, or a compound containing this ion.

Covalent

A type of chemical bond where atoms share pairs of electrons.