Which One of the Following Helps to Explain the Observed

question 36

Multiple Choice

Which one of the following helps to explain the observed relationship between age and mobility?

• A)Older workers tend to have more specific human capital and on-the-job training
• B)Older workers tend to have more general training
• C)Younger workers have less time to recoup their investment costs
• D)Both direct and psychic costs of moving tend to decrease with age.

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Definitions:

Balance of Trade Deficit

A situation where the value of a country's imports exceeds the value of its exports, resulting in a net outflow of domestic currency to foreign markets.

Balance of Payments Surplus

A situation where the total of a country's exports and incoming funds from other countries exceeds its imports and outgoing funds.

Imports

Goods and services purchased from other countries.

Exports

Goods or services sent from one country to another for sale or trade.