Multiple Choice
Which of the following is not an assumption of human capital theory?
A) There is a primary and a secondary labour market.
B) Employers make rational hiring and promotion decisions based on ability.
C) Everyone with similar qualifications compete for available jobs.
D) A job's rewards are based on its economic contribution to society.
E) The market rewards those who have the greatest human capital.
Correct Answer:
Verified
Correct Answer:
Verified
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