Answer : (a) Differences in Human Capital
Human capital is defined as the economic value of a worker's experience and skills. It is an intangible asset that include values such as education, skills, training and health, etc.
Investing in human capital is done by providing sufficient training to enhance the knowledge and productivity of the employees. So a teacher with 20 year experience should have received adequate training at proper intervals to boost his/her productivity by the institution. Those trainings would have helped the teacher develop more and more intangible qualities and it can be transferred to the students involuntarily or voluntarily. That amount of human capital will not be there in a new teacher. That is the reason why salary and benefits increase with experience and a new teacher is often paid less than some one with 20 years experience.
Question 13 2 pts A new teacher often makes less than a teacher with 20 years...
Nov 4 at 2:30pm Instructions Question 10 1 pts Teacher A is more effective than Teacher B. Both teachers become less effective the larger their class becomes. Both teachers are paid the same salary. True or false: the optimal allocation of 120 students is 60 for Teacher A and 60 for Teacher True • False
According to human capital theory, a doctor is paid more than a elementary school teacher because a) the doctor's services are more socially useful than those of the educator. b) the opportunity cost of receiving training as a doctor is higher. c) in a capitalist economy, doctors are treated as inputs, not valued as real human beings. d) the opportunity cost of leisure is higher for teachers. The theory that paying higher wages can raise productivity is known as a)...
Question 30 1 pts Sam has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where he earns $13 per hour. During the summer, he drives a tour bus around the ski resort, earning $11 per hour. During the winter months, what is Sam's opportunity cost of taking an hour off work to go skiing? O $13 O $11-$13 O <$11 O >$13 Question 31...
Question 2 2 pts A researcher believes that women today weigh less than in previous years. To investigate this belief, she randomly samples 41 women and records their weights. The scores have a mean of 111 lbs. and a standard deviation of 12.4. A local census indicated that an earlier population has a mean weight of 115 lbs. The obtained value of the appropriate statistic for testing the null hypothesis is ot-2.07 Ot- +2.07 Ot--32 Ot- +32 Question 3 2...
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Question 4 2 pts Consider the dc transfer characteristics shown in Figure. Determine the value of the differential-mode input voltage that results in ici = 0.9 10. rd 1.0 s 0.5 ar -0.10 -0.06 -0.02 0.02 0.06 10.10 ) -0.057 V -0.52 V 0-1V - 1.5 V Question 5 2 pts MacBook Pro
1 pts Question 21 Large corporations often borrow via the money markets rather than via bank! loans because: government regulations prohibit the largest corporations from obtaining bank loans the yields on money market securities are often less than the interest rates on bank loans the yields on money market securities are often greater than the interest rates on bank loans None of the above. only A and B of the above.
QUESTION 31 Marketing services can often be more challenging than marketing physical products. Please discuss the differences between services and products in the context of a medical clinic. How would a medical clinic deal with each of the four differences discussed in the chapter (Four l'S)? TT T Ariol 3 (120 T 3:13-1: 2005 Path:p Words:0 QUESTION 32
Question 13 1 pts Tom plans to save $107 a month, starting today, for 16 years. Dick plans to save $107 a month for 16 years, starting one month from today. Both Tom and Dick expect to earn an average return of 5.7 percent APR on their savings and both will make the same number of deposits. At the end of the 16 years, how much more (in $) will Tom have than Dick? Answer to two decimals. Question 12...
s Question: 2 pts 13 of 20 (20 complete) This Test: 48 pts possible -re the given quadrilaterals similar? Tell why or why not. 12 4. 12 5 15 Choose the correct answer below. O A. No, because not all the lengths of the corresponding sides are proportional and/or not all the corresponding angles are congruent. OB. Yes, the quadrilaterals are similar because all corresponding angles are congruent and all corresponding sides are proportional OC. Yes, the quadrilaterals are similar...
Question 2 1 pts The Pareto principle is often called the "80--20 rule." True False