Human capital and signalling theories of education

Assignment Help Microeconomics
Reference no: EM13695115

1. Job A pays $30,000 a year.  Job B is completely identical in all aspects except it is located in an area that has a 10% higher cost of living.  In order to compete, Job B would need to pay _____________________. This is known as a __________________________________.

2. Explain the difference between the human capital and signalling theories of education.

3. Briefly describe each of the 4 main pieces of labor legislation.

Reference no: EM13695115

Questions Cloud

Corporate division faces the possibility of an audit : The manager of a corporate division faces the possibility of an audit every year.  She preferes to spend time preparing if she will be audited; otherwise, she would prefer to invest her time elsewhere.
Find the herfindahl index for an industry composed : Find the Herfindahl index for an industry composed of (a)three firms-one with 70 percent of the market, and the other two with 20 and 10 percent of the market, respectively; (b) one firm with a 50 percent share of the market and 10 other equalized fi..
Balance of trade deficit must always be offset net capital : "A balance of trade deficit must always be offset by net capital inflows from abroad." Agree or disagree with this statement and explain. Suppose a Japanese firm buys a 1 year treasury bill with a face value of $10,000 today for $9400. If the value o..
Entering an industry in competition with an incumbent firm : In the text, we considered a sequential move game in which an entrant was considering entering an industry in competition with an incumbent firm.  Consider now that the entrant, if fought, has the possibility of withdrawing from the industry (at a lo..
Human capital and signalling theories of education : Job A pays $30,000 a year.  Job B is completely identical in all aspects except it is located in an area that has a 10% higher cost of living.  In order to compete, Job B would need to pay _____________. This is known as a ________________. Explain t..
Market researcher and policy maker : How do market researchers find out how consumers feel about product features and prices? Discuss the motivation of policymakers. Are they held accountable by voters?
Investor and consumer : Financial markets make it possible for those who have saved money to earn a reward by providing the financing for business formation and expansion. Business owners can seek financing through the stock market, the bond market, or the banking sector, o..
What is the estimated effect of str on testscr : Run a regression of testscr on str and avginc, where testscr and str are as above, and avginc is a measure of the average household income in the school district. What is the estimated effect of str on testscr?
What factors affect the fuel efficiency of cars? : What factors affect the fuel efficiency of cars? To what extent would increased government involvement with regard to fuel efficiency affect the behavior of manufacturers?

Reviews

Write a Review

Microeconomics Questions & Answers

  What range of the payments will the farmer accept

Will fields with both oil and gas have greater difficulties in unitization, than the fields with oil or gas alone? Explain.

  Identify how the process might differ from a centrally plan

Explain the process or mechanism underlying how a market-based economic system allocates scares resources. Identify how this process might differ from a centrally planned or command economy.

  Find the area under the standard normal curve between

If the probability of a newborn child bieng female is 0.5, find the probability that in 100 births, 55 or more will be female.Use the normal distribution to approximate the binomial distribution.

  If unemployment insurance were so generous that it paid

if unemployment insurance were so generous that it paid unemployed workers 90 of their regular salary a. the official

  What ways does economics class relates to the real world

In what ways does economics class relates to the real world? How does knowledge gained from economics teaching been valuable in helping somone understand or evaluate events or policies?

  The concise encyclopedia of economics

The Concise Encyclopedia of Economics

  Compute the marginal cost curve for ajax

Compute the marginal cost curve for Ajax.

  What would be the effect on the u.s. dollar-euro

Does it appear as though this firm is pricing its automobiles optimally? Why or why not? What advice would you give this firm with regards to its pricing policy and what would be the effect on the U.S. dollar-euro

  Determining competition and pricing

How does competition affect profits and prices? What causes some firms to enter an industry, and others to leave it?

  Estimate demand for your vehicles using variables provided

Our customers who choose to keep a car for an extra day are currently paying the same base daily rate. Do you see any potential in exploring alternative schemes? If so, what changes should we implement-shall we change the price for extra days? Wha..

  Economic scenario of us

The U.S. is in recession and, at last report, GDP was shrinking at a rate of 1% per year. The unemployment rate is rising and now stands at 7%. In recent months, the rate of inflation has been holding steady and is increasing at an annual rate ..

  You consume only soda and pizza one day the price of soda

you consume only soda and pizza. one day the price of soda goes up the price of pizza goes down and you are just as

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd