The Return to Schooling for Society Is Higher Than the Return

question 65

Multiple Choice

The return to schooling for society is higher than the return to schooling for the individual if

• A)the concept of diminishing returns applies to education.
• B)the concept of constant returns to scale applies to education.
• C)human capital conveys positive externalities.
• D)investment in human capital involves no opportunity costs.

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Definitions:

Age-based Groups

Social categories or collectives defined primarily by the age of their members, such as children, teenagers, or seniors.

Age Stratification

The division or categorization of people into groups specifically based on their age as a way of organizing society.

Death with Dignity Act

Legislation that allows terminally ill patients to voluntarily request and receive prescription medication to end their life in a dignified manner.

Barbiturates

A class of drugs derived from barbituric acid, used as sedatives, hypnotics, and anticonvulsants, but known for potential abuse and addiction.