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Author Question: There's not a single golf course in downtown Chicago because A) it would be physically impossible ... (Read 30 times)

karen

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on: Jun 29, 2018
There's not a single golf course in downtown Chicago because
 
  A) it would be physically impossible to produce.
  B) it would ruin the hustle and bustle of the city.
  C) the opportunity cost of creating such a course is too low.
  D) the demand for land for non-golf uses is high enough to discourage such an investment.
  E) all of the above are true.

Question 2

Which of the following statements is true?
 
  A) A worker who undertakes general training is likely to earn above his value of marginal product.
  B) Firm-specific training results in gains to a worker and not to an employer in the labor market.
  C) Job-specific training results in gains to a worker's employer, but it does not result in gains to the worker in the labor market.
  D) Training received by a worker does not affect his wages as wage rates are determined by the forces of demand and supply in the labor market.


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blfontai

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


karen

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Reply #2 on: Jun 29, 2018
Thank you :)


blfontai

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Reply #3 on: Jun 29, 2018
Happy to help you


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