On average, college graduates earn more than high school graduates. Briefly describe the two economic explanations for
Question:
On average, college graduates earn more than high school graduates. Briefly describe the two economic explanations for this difference that were discussed in this chapter and how each explains why a college degree increases average earnings.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The two economic explanations for why college graduates earn more than high school graduates are human capital theory and signaling theory 1 Human Cap...View the full answer
Answered By
Stephen ouma
I have worked with different academic writing companies such as wriredom, writerbay, and Upwork. While working with these companies, I have helped thousands of students achieve their academic dreams. This is what I also intend to do here in SolutionInn
4.90+
19+ Reviews
62+ Question Solved
Related Book For
Question Posted:
Students also viewed these Sciences questions
-
The chapter shows that as a general rule people with more education earn higher salaries. Economists have offered two explanations of this relationship. The human capital argument says that high...
-
Are there dangers with incarcerating young people in detention facilities? What about the potential for negative long-term impact? Using three documented examples of misconduct/mistreatment of youth...
-
Texas is home to more than one million undocumented immigrants and most of them are stuck in low-paying jobs. Meanwhile, the state also suffers from a lack of skilled workers. The Texas Workforce...
-
The built-up shaft is designed to rotate at 450 rpm. If the radius of the fillet weld connecting the shafts is r = 13.2 mm, and the allowable shear stress for the material is Ï allow = 150 MPa,...
-
Do you expect that China, then India, will follow the growth paths of Japan and South Korea? What factors are similar cross the countries, and what is unique about each of these four?
-
The Consumer Product Safety Commission is reconsidering a rule it first proposed in 1997 that would require child-resistant caps on household products, including cosmetics. When the rule was first...
-
Estimate the overall odds ratio of the set of tables in Problem3.6 and test whether the odds ratios are the same across the tables. Problem3.6 is: 3.6 Use the DOS data to test whether there is gender...
-
"The following information is available for Remmers Corporation for 2010. 1. Depreciation reported on the tax return exceeded depreciation reported on the income statement by" $120,000. This...
-
At the conclusion of a second-year practical session, two groups of students engage in a heated debate. Group A students are certain that their results (Table 1) are statistically comparable to those...
-
Discussions of inequality often focus on income inequality. What are two other measures of inequalityand why is it important to consider more than one measure?
-
Suppose that last week you visited Dunkin, Donuts for a large coffee on your way to campus. The cashier explained that if you go to the link printed on your receipt and answer the survey, you can...
-
Papadopoulou SA manufactures electrical meters. For August, there were no opening stocks of direct (raw) materials and no opening and closing work in progress. Papadopoulou uses a JIT production...
-
What could be a result of a negative ESG score for a company? Explain.
-
For the circuit given below : p(on) = 8 mA at VGs = 10 V, VGS(th) = 2V, and gm = 1000 S. a) check whether the MOSFET is ON or OFF b) Find the Q-point. c) find the peak output voltage Vin 100 mV rms C...
-
Brenton Industries is being sued for negligence by a group of former employees. Brenton's attorneys believe it is highly probable that the company will lose the suit. If the loss occurs, Brenton will...
-
1. Using 'roots' function, obtain the root of x+3x-3x-7x+6=0. 2. Create a time vector namely I consists of elements from 0 to 10 with increment of 0.5. 3. How to know the size of vector / created...
-
. A hotwire anemometer measures the flow rate of a fluid through the resistivity change of a hot metal wire. In stagnant air, the resistivity is 0.55 m. Under an air flow of 10.1 m/s, the resistivity...
-
In the New Teswtament, Jesus commends a widow who contributed 2 mites to the temple treasury (Mark 12:42-44). A mite was work the roughly 1/8 of a cent. Suppose the temple had invested those 2 mites...
-
Refer to the information from Exercise 22-19. Use the information to determine the (1) Weighted average contribution margin , (2) Break-even point in units, and (3) Number of units of each product...
-
Using the following data from the U.S. Bureau of Labor Statistics, calculate the size of the labor force, the unemployment rate, and the labor force participation rate for 2009 and 2018. Type of...
-
Sarah, Alicia, and Philip all lost their jobs when the medical billing firm they worked for was acquired by another company. After a few weeks of searching for another full-time job, Sarah decided to...
-
Describe three economic or social changes that have contributed to the trends in labor force participation rates for men and women since the 1950s. How have these changes impacted the trade-offs...
-
A company purchased $11,600 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge, $1300, was added to the invoice amount. On June 20, it returned $2080 of...
-
compute tue department predetermined overhead rates based on machine hours. a . ) ?compyte the departmental predetermined overhead rates b . ) ?compute the total manufacturing cost assogked to Job D...
-
3) (4 pts) You buy a $1000 face value bond that mature in 3 years, pays a 5% annual coupon and is priced at $965. N = 3 i = 6.317 PV=-965 PMT: 0.05 1000 = 50 FV: 1000 6.32 a. What is the Yield to...
Study smarter with the SolutionInn App