Which of the Following Theories Would Suggest That Attending School

question 22

Multiple Choice

Which of the following theories would suggest that attending school does not improve productivity but that high-ability people are more likely to stay in school?

• A)physical-capital theory
• B)human-capital theory
• C)signaling theory
• D)neoclassical theory

---

Definitions:

Herfindahl Index

A measure of market concentration used to gauge the level of competition within an industry by calculating the sum of the squares of the market shares of each firm.

Concentration Ratio

A measure used in economics to assess the degree of market concentration, indicating the market share held by the largest firms in the industry.

Oligopolistic Manufacturers

Companies in an industry where a small number of firms hold a large market share, significantly influencing market dynamics.

Concentration Ratios

Measures that indicate the extent of competition within a market by showing the market share of the largest firms.