Increases in the amount of human capital in theeconomy tend to _________ real incomes becausethey increase the _________ of labor.a. increase; bargaining powerb. increase; productivityc. decrease; bargaining powerd. decrease; productivity
Increases in the amount of human capital in theeconomy tend to _________ real incomes becausethey increase the _________ of labor.a. increase; bargaining powerb. increase; productivityc. decrease; bargaining powerd. decrease; productivity
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 26CTQ: Education seems to be important for human capital deepening. As people become better educated and...
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Question
Increases in the amount of human capital in the
economy tend to _________ real incomes because
they increase the _________ of labor.
a. increase; bargaining power
b. increase; productivity
c. decrease; bargaining power
d. decrease; productivity
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