An increase in human capital will decrease output.Group of answer choicesTrueFalse

An increase in human capitalGroup of answer choicesincreases the productivity of labor.decreases the productivity of labor.increases the productivity of labor only if there is a corresponding technological change.increases the capital-labor ratio.

Human capital increases with on-the-job training.Group of answer choicesTrueFalse

We can safely say that total output can increase if there is a(n)Group of answer choicesincrease in the size of the labor force and a decrease in the productivity of workers.decrease in the size of capital and an increase in the productivity of machines.increase in the number of machines per worker.decrease in the number of workers per machine.

The general human capital model predicts that schooling increasesGroup of answer choicesas both ability and the discount rate decrease.as both ability and the discount rates increase.as ability decreases but as the discount rate increases.as ability increases but as the discount rate decreases.when ability is held constant and the discount rate increases.

Suppose that growth in output that can be attributed to growth in labor and capital is 2%. If output grows at a rate of 5%, it must be the case thatGroup of answer choicesgrowth in labor exceeds growth in capital.growth in capital exceeds growth in labor.the economy is experiencing technological progress.the economy is not spending enough on acquiring human capital.