Which of the Following Are Reasons to Suspect Spending on Education

question 20

Multiple Choice

Which of the following are reasons to suspect spending on education might overestimate human capital investment?

• A)education spending leaves out foregone wages.
• B)part of total spending on education is really consumption.
• C)much human capital investment comes from on-the-job training.
• D)all of the above
• E)none of the above

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Definitions:

Primary Liability

The direct responsibility to pay a debt or fulfill an obligation, without relying on another to first default.

Certified Check

A personal check for which the issuing bank guarantees payment by certifying that sufficient funds are available and set aside.

Liable

Legally responsible or obligated, often in the context of owing compensation for harm or damages caused.

Liability

A legal responsibility for one's actions or omissions, which may result in having to pay damages or make restitution in a civil lawsuit.