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Which of the following statements is correct? (a) Robots with artificial intelligence are considered human capital in economics. (b) An increase in non-labor income always
Which of the following statements is correct?
(a) Robots with artificial intelligence are considered human capital in economics.
(b) An increase in non-labor income always increases labor supply for any utility maximizer.
(c) In a signaling model of education, education is a process of accumulating human capital.
(d) Credit market failures are one reason that investment in human capital is socially sub-optimal.
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