The Salary Gains from Specific Training in Human Capital Tend

question 13

Multiple Choice

The salary gains from specific training in human capital tend to go to the:

• A) employing firm, not the individual.
• B) federal government in higher taxes.
• C) individual, not the employing firm.
• D) parents, since they paid the education in the first place.

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Definitions:

Simplify

To make something less complex or complicated, making it easier to understand or solve.

Radical

Refers to the root of a number, with the most common being the square root, though it can refer to cube roots or higher.

Square Root

A number which produces a specified quantity when multiplied by itself.

Square Root

The figure that, upon being multiplied with itself, results in the starting number.