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:

Emotional Stability

A personality trait characterized by the ability to remain calm and composed under stress or in the face of challenges.

Organizational Financial Performance

Refers to how well an organization is performing in terms of generating revenue, profits, return on investment, and overall financial health.

Organizational Commitment

The psychological attachment an employee has towards their organization, influencing their willingness to continue working there.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty or responsibility.