Refer to the scenario above. Which of the followings statements is tru
Refer to the scenario above. Which of the followings statements is true of the model?
A) According to the model two additional years of education will increase an individual’s future wages 1.20 times.
B) The predictions of this model can be verified empirically.
C) According to the model two additional years of education will increase an individual’s future wages 2.98 times.
D) The predictions of this model can only be applied for a limited number of years of additional education.
ANSWER
B
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