The wageschooling locus is A downward sloping because educat

The wage-schooling locus is

A. downward sloping because education is generally productive.

B. upward sloping because education is generally productive.

C. backward bending

. D. horizontal because wages are unrelated to schooling

. E. vertical because education is a public good.

Solution

The answer is B

High wage leads to high education and so the wage schooling locus is upward sloping

The wage-schooling locus is A. downward sloping because education is generally productive. B. upward sloping because education is generally productive. C. backw

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