1. What theory suggests that learning material on your own would not generate the same benefits as those achieved by formally attending classes and receiving a degree?
A. human capital
B. signal
C. compensating differentials
D. winner-take-all
E. efficiency wage
2. Which of the following would most likely cause stagflation:
A. decrease in non labor inputs
B. decrease in wages
C. decrease in working population
D. increase in working population