The more education that workers have, the ________ is their human capital and the ________ is their productivity.
A. |
larger; higher |
|
B. |
smaller; smaller |
|
C. |
larger; smaller |
|
D. |
smaller; higher |
Option A.
The more education that workers have, the ________ is their human capital and the ________ is...
A domestic downside to a policy that increases education is that _______ A. human capital has no link to labor productivity. B. it decreases natural resources. C. there are already enough people with college degrees. D. people must forgo current wages to invest in education. Which of the following is measured by the growth rate of real GDP per person? A.Changes in the level of well-being in a country. B. Growth rate of nominal GDP. C. Human capital. D. Foreign...
According to human capital theory, a doctor is paid more than a elementary school teacher because a) the doctor's services are more socially useful than those of the educator. b) the opportunity cost of receiving training as a doctor is higher. c) in a capitalist economy, doctors are treated as inputs, not valued as real human beings. d) the opportunity cost of leisure is higher for teachers. The theory that paying higher wages can raise productivity is known as a)...
Question 22 1 pts These three questions refer to the same scenario. An accountant at a chain of grocery stores has to choose a new job, and is considering various options. If we think of human capital as a set of skills, and jobs as a set of tasks, which of the jobs listed below has the lowest expected wage loss? (b) A supply chain manager at a chain of grocery stores (c) A grocery store manager O (b) has...
Education seems to be important for human capital deepening. As people become better educated and more knowledgeable, are there limits to how much additional benefit more education can provide? Why or why not?
Indicate one or more of the many benefits of access to high-quality education as it applies to productivity. Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. increased human capital a larger pool of scientists and entrepreneurs improved technology development development of essential skills
Both human capital model and signaling model predict that more intellectual people tend to have more education in equilibrium. Illustrate the mechanism for each of them.
Human capital relates to ________ and physical capital relates to ________. A) money; buildings B) education; money C) firms; people D) output; money E)people; buildings
Economists differentiate between these types of capital; physical capital, human capital and financial capital. Which of the following statement is false? Select one: O a. Human capital includes changes in the level of education or training workers possess O b. Financial capital refers to the funds available in an economy for investment spending c. Financial capital refers to expenditures on manufacturing equipment o d. Physical capital includes changes in inventories.
(This question refers to the MRU video 'Human Capital and Signaling'.) Human capital and physical capital are alike in that: Select one: a. neither is subject to depreciation. b. they are both owned primarily by firms. c. they both require investments. d. workers take both with them when leaving a job. Question 7 (This question refers to the MRU video 'The Marginal Product of Labor'.) In the market for a certain type of labor, the wage for that labor is...
6. Explain how human capital theory and signaling theory would answer each of the questions below. You should provide 2 distinct answers for each question. a) What happens to aggregate productivity in a country if more people go to college? (4 points) b) Will employers be willing to pay more for college educated workers vs non-educated workers? (4 points) 6. Explain how human capital theory and signaling theory would answer each of the questions below. You should provide 2 distinct...