The Data Suggest That Wages Increase More with Age for the Highly

question 28

Multiple Choice

The data suggest that wages increase more with age for the highly educated compared to the less educated. This is evidence that

• A)the return to education is low for all education levels.
• B)the return to education is constant with respect to age.
• C)on-the-job training is unrelated to the level of formal schooling.
• D)less-educated workers invest in on-the-job training more so than do the highly educated.
• E)highly educated people also invest more in post-schooling human capital compared to the less educated.

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Definitions:

Thermodynamics

The branch of physics that deals with the relationships between heat and other forms of energy, and how energy affects matter.

Redox Reactions

Chemical reactions involving the transfer of electrons from one substance to another, affecting the oxidation state of atoms.

Chloroplasts

Organelles found in plant cells and eukaryotic algae that conduct photosynthesis, converting light energy into sugars while producing oxygen.

Mitochondria

Cellular organelles responsible for producing energy through the process of oxidative phosphorylation.