9. All else equal (including their discount rates), if Albert now has a higher level of innate ability than Bob, who do we expect to choose more years of schooling? a. Albert b. Bob c. They will choose the same number of years d. Unable to tell with this information 10. Why might it be that college graduates tend to earn more than other workers with the same number of course credit hours, so only receipt of a degree is different? a. The non-graduate must have taken only the easiest classes and failed to satisfy their degree requirements b. Upper-level courses are more difficult and therefore more beneficial c. Upper-level professors are more effective than d. The non-graduate has no degree to act as a signal, sheepskin effects
9. All else equal (including their discount rates), if Albert now has a higher level of innate ability than Bob, who do we expect to choose more years of schooling? a. Albert b. Bob c. They will choose the same number of years d. Unable to tell with this information 10. Why might it be that college graduates tend to earn more than other workers with the same number of course credit hours, so only receipt of a degree is different? a. The non-graduate must have taken only the easiest classes and failed to satisfy their degree requirements b. Upper-level courses are more difficult and therefore more beneficial c. Upper-level professors are more effective than d. The non-graduate has no degree to act as a signal, sheepskin effects
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please help with #9 and 10
thank you
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