My Mother Told Me That I Needed to Go to College

question 103

Multiple Choice

My mother told me that I needed to go to college because it would be the only way I could get a high-paying job. What economic theory would justify her advice?

• A) efficiency wage
• B) compensating differential
• C) life-cycle wage pattern
• D) human capital
• E) occupational crowding

---

Definitions:

Elderly

A demographic group typically defined as individuals aged 65 years and over, often characterized by increased vulnerability to health issues and social isolation.

Synaptic Level

Pertaining to the level of synapses, focusing on the interactions and communications between neurons at these connections.

Tranquilizers

Medications used to reduce tension or anxiety, often by depressing nervous system activity.

Alcohol

A psychoactive substance found in drinks such as beer, wine, and spirits that can alter consciousness and impair cognitive and psychomotor functions.