Which of the Following Statements Is Correct

question 285

Multiple Choice

Which of the following statements is correct?

• A)The human-capital theory of education could be called a productivity-enhancing theory.
• B)The human-capital theory of education could be called a productivity-revealing theory.
• C)The signaling theory of education could be called a productivity-enhancing theory.
• D)The signaling theory of education has been disproven by a number of prominent economists.

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Definitions:

Tariff

A tax imposed by a government on goods and services imported from other countries, aiming to protect domestic industries from foreign competition.

Quota

A government-imposed trade restriction limiting the number or monetary value of goods that can be imported or exported.

Nations Trade

The exchange of goods, services, and capital between countries, driven by comparative advantages and specialization.

Frederic Bastiat

A 19th-century French economist and writer known for his advocacy of classical liberalism and his witty criticisms of protectionism.