Which of the following theories explains why increased education translates into higher wages?
A)human-capital theory
B)the theory of compensating differentials
C)the theory of supply and demand
D)comparative advantage

Question

Quizplus · Accepted Answer

According to human-capital theory, an individual's investment in education and training increases their productivity, making them more valuable to employers, which leads to higher wages.

Which of the Following Theories Explains Why Increased Education Translates