Human capital can be described as ?

Related Mcqs:

1. Which of the following is not part of a worker’s human capital ?

   A. education
   B. experience
   C. all of these answers are parts of a worker’s human capital
   D. effort
   E. on the job training

2. According to the human capital view of education ?

   A. has no impact on the human capital of workers?
   B. increases human capital and the wages of workers
   C. can make any worker into a superstar
   D. only helps firms sort workers into high ability and low-ability workers.

3. When capital is owned by the firm as opposed to being directly owned by household capital income may take any of the following forms except ?

   A. interest
   B. dividends
   C. increases in stocks of goods
   D. retained earnings

4. The Human Development Report 2003, which assumes that poverty is multidimensional calculates a human poverty index based on which of the following measures of deprivation ?

   I- probability at birth of not surviving to age 40
   II- adult illiteracy rate
   III- negative economic growth
   IV- lack of a decent standard of living

   A. I and II only
   B. III and IV only
   C. I, II and III only
   D. I, II and IV

5. A market can accurately be described as_________________?

   A. a place to buy things
   B. a place to sell things
   C. the process by which prices adjust to reconcile the allocation of resources
   D. a place where buyers and sellers meet

6. The market for hand tools (such as hammers and screwdrivers) is dominated by Draper Stanley, and Craftsman This market is best described as ?

   A. monopolistically competitive
   B. a monopoly
   C. an oligopoly
   D. competitive

7. Which of the following could not be described as an asymmetric macroeconomic shock ?

   A. None of these answers All of them are asymmetric macroeconomic shocks
   B. A sudden and substantial fall in the worldwide demand for French wine
   C. An epidemic of an animal disease in a country that significantly reduces the country’s agricultural output
   D. A sudden and substantial rise in prices on the world oil market

8. When Coca-Cota and Nestle formed joint venture to market a ready to drink coffee and tea worldwide the type of marketing system that was formed would best be described as being a(n)?

   A. vertical marketing system
   B. parallel marketing system
   C. diversified marketing system
   D. horizontal marketing system

9. Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation’s strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements ?

   A. traditional
   B. feudal
   C. command
   D. mercantile

10. Different capital intensity in different industries is mainly explained by _______ and ________?

    A. wage differentials, skill levels
    B. technology, the ease of factor substitution
    C. government grants, international competition
    D. patents, skill shortages