Robert Lucas Argues That There Are ________ Returns to Human

question 186

Multiple Choice

Robert Lucas argues that there are ________ returns to human capital,and these productivity increases are not completely captured by individuals as they decide how much education to purchase.As a result,the market produces ________ education and training.

• A)increasing; too much
• B)decreasing; too much
• C)increasing; too little
• D)decreasing; too little

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Definitions:

Knowledge

Information, understanding, or skill that one gets through experience or education.

Subject Area

A specific field of study or knowledge, often forming the basis of academic or professional specialization.

Aptitude Test

A test designed to predict a person’s ability in a particular area or line of work.

Genetics and Environment

Genetics and environment refer to the interplay between an individual's DNA and their surroundings, collectively influencing their physical and psychological development.