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1.Differentiate between general training and specific training investment for employees. Which type of training will employers be more likely to provide for their workers, and

1.Differentiate between general training and specific training investment for employees. Which type of training will employers be more likely to provide for their workers, and why?

2.What are the implication of the theory of training investments on layoff behavior of firms, on labor productivity over the business cycle, and minimum wage effects on the training investments provided by firms?

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