Question
Why are returns to investments in human capital (education) higher at younger ages? A. The opportunity costs (forgone output) are smaller. B. The expected years
Why are returns to investments in human capital (education) higher at younger ages?
A. The opportunity costs (forgone output) are smaller.
B. The expected years remaining to reap the returns are larger.
C. Knowledge acquired at younger ages is not subject to depreciation.
D. Both A and B
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Business Driven Technology
Authors: Paige Baltzan
5th edition
978-007337684, 9780077419318, 73376841, 77419316, 978-0073376844
