A. course fees
B. course fees and living expenses
C. the earnings foregone
D. Course fees living expenses and textbook
Correct Answer: the earnings foregone ✔
Last Updated: June 11, 2019
Related MCQs
- According to the human capital view of education ?
- According to the signaling view of the education ?
- If two jobs require the same amount of skills and experience the job that pays the most is most likely to be the one that is ?
- Which of the following is true regarding the earning of attractive versus unattractive workers ?
- Which of the following professionals is most likely to be able to generate the income of a superstar ?
- In order for a market to support superstars it must have which of the following characteristics ?
- Competitive markets tend to ?
- Which of the following is not a reason why some workers are paid above the equilibrium wage ?
- Which of the following explanations of wage differentials is not likely to be true ?
- A profit-maximizing firm will hire labour until ___ equals the _______?
- Top footballers tend to earn more than lecturers because ?
- Skilled labor is relatively scarce because ?
- By restricting labor supply a trade union can ___ and _______?
- Involuntary unemployment exists if workers ?
- The difference between gross investment and net investment is ?
- The value of an asset depends upon ?
- If workers get a real wage increase this will likely ____ and _____?
- Different capital intensity in different industries is mainly explained by __ and ________?
- The functional distribution of income shows how national income is divided between ?
- Land will be allocated between competing uses so that ?
- In the short run, the supply of capital is ___ and in the long run will depend on _______?
- The marginal revenue product of capital is the ?
- the cost of using capital services is the ?
- Efficiency wages are ____ that raise _____?
- In the West Women and non-whites on average receive lower incomes than white men because ?
- The most important source of wage differentials are ?
- Unions achieve a higher wage differential the more ____ and the more ______?
- Human capital can be described as ?
- The participation rate in the labour force is affected by ?
- The downward sloping marginal physical product of labor is the firm’s ?
- The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it
- Which of the following is likely to generate a compensating differential ?
- A wage differential among groups may not by itself be evidence of discrimination in the labour market because different groups have ?
- Which of the following statements regarding discrimination is true ?
- It is not considered discrimination when an employer offers different opportunities to individuals that differ only by them ?
- Economists have hypothesized that the widening gap between the wages of unskilled workers and skilled workers may be due to ?
- Which of the following could result in women being paid less than men ?
- In a competitive market, which of the following is least, likely to be the source of a persistent discriminatory wage differential ?
- All of the following would tend to increase a worker’s wage except ?
- Which of the following is not part of a worker’s human capital ?
- If a person who works in coal mine gets paid more than a person with a similar background and skills who works in a safer job, then ?