It Is Likely That, If We Could Measure the Quality

question 420

Multiple Choice

It is likely that, if we could measure the quality as well as the quantity of education,

• A)the human-capital argument would become less compelling as a means of explaining wage differentials between white workers and black workers.
• B)the human-capital argument would become less compelling as a means of explaining wage differentials between male workers and female workers.
• C)wage differentials between white workers and black workers would be more puzzling than they are now.
• D)wage differentials between white workers and black workers would be more fully explained.

---

Definitions:

Capital Account

A financial statement that shows the changes in ownership interest of a company over a period.

Noncumulative

Pertains to dividends or other rights that do not accumulate if not paid or exercised in the period they are due.

Dividends in Arrears

Unpaid dividends on cumulative preferred stock which must be paid out before any dividends can be distributed to common stockholders.

Dividends Payable

A liability on a company's balance sheet representing the amount owed to shareholders in the form of dividends that have been declared but not yet paid.