Economics - Human Capital
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Question 1 of 49
1. Question
If a person who works in coal mine gets paid more than a person with a similar background and skills who works in a safer job, then
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Question 2 of 49
2. Question
According to the human capital view of education education education
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Question 3 of 49
3. Question
Which of the following is not part of a worker’s human capital?
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Question 4 of 49
4. Question
According to the signalling view of the education education
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Question 5 of 49
5. Question
All of the following would tend to increase a worker’s wage except
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Question 6 of 49
6. Question
In a competitive market, which of the following is least, likely to be the source of a persistent discriminatory wage differential?
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Question 7 of 49
7. Question
If two jobs requires the same amount of skills and experience the job that pays the most is most likely to be the one that is:
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Question 8 of 49
8. Question
Which of the following could result in women being paid less than men?
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Question 9 of 49
9. Question
Which of the following is true regarding the earning of attractive versus unattractive workers?
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Question 10 of 49
10. Question
Economists have hypothesised that the widening gap between the wages of unskilled workers and skilled workers may be due to
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Question 11 of 49
11. Question
Which of the following professionals is most likely to be able to generate the income of a superstar?
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Question 12 of 49
12. Question
It is not considered discrimination when an employer offers different opportunities to individuals that differ only by their
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Question 13 of 49
13. Question
In order for a market to support superstars it must have which of the following characteristics?
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Question 14 of 49
14. Question
Which of the following statements regarding discrimination is true?
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Question 15 of 49
15. Question
Competitive markets tend to:
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Question 16 of 49
16. Question
A wage differential among groups may not by itself be evidence of discrimination in the labour market because different groups have
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Question 17 of 49
17. Question
Which of the following is not a reason why some workers are paid above the equilibrium wage?
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Question 18 of 49
18. Question
Which of the following is likely to generate a compensating differential?
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Question 19 of 49
19. Question
Which of the following explanations of wage differentials is not likely to be true?
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Question 20 of 49
20. Question
The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it
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Question 21 of 49
21. Question
As more labour is used the marginal physical product of labour increases
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Question 22 of 49
22. Question
A profit-maximizing firm will hire labour until _____ equals the _____
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Question 23 of 49
23. Question
The downward sloping marginal physical product of labour is the firm’s
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Question 24 of 49
24. Question
When we say that labour demand is a derived demand, we are referring to government initiatives to increase employment
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Question 25 of 49
25. Question
The participation rate in the labour force is affected by
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Question 26 of 49
26. Question
Top footballers tend to earn more than lecturers because
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Question 27 of 49
27. Question
Human capital can be described as
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Question 28 of 49
28. Question
The supply of highly educated workers is fixed in long run
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Question 29 of 49
29. Question
The most important source of wage differentials are:
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Question 30 of 49
30. Question
Skilled labour is relatively scarce because
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Question 31 of 49
31. Question
The opportunity cost of acquiring education is
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Question 32 of 49
32. Question
By restricting labour supply a trade union can _____ and ____
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Question 33 of 49
33. Question
Unions achieve a higher wage differential the more _____ and the more ______
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Question 34 of 49
34. Question
A closed shop is a union that has no room for additional members
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Question 35 of 49
35. Question
In the West Women and non-whites on average receive lower incomes than white men because
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Question 36 of 49
36. Question
Involuntary unemployment exists if workers
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Question 37 of 49
37. Question
Efficiency wages are ____ that raise _____
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Question 38 of 49
38. Question
The difference between gross investment and net investment is
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Question 39 of 49
39. Question
the cost of using capital services is the:
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Question 40 of 49
40. Question
The value of an asset depends upon
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Question 41 of 49
41. Question
The marginal revenue product of capital is the:
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Question 42 of 49
42. Question
The demand for capital services is derived from a falling MRPK schedule
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Question 43 of 49
43. Question
In the short run, the supply of capital is ____ and in the long run will depend on ____
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Question 44 of 49
44. Question
If workers get a real wage increase this will likely ____ and _____
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Question 45 of 49
45. Question
The supply of land is normally greater in the long run than in the short run
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Question 46 of 49
46. Question
Land will be allocated between competing uses so that:
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Question 47 of 49
47. Question
Different capital intensity in different industries is mainly explained by ____ and ______
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Question 48 of 49
48. Question
The functional distribution of income shows how national income is divided between
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Question 49 of 49
49. Question
The transfer earnings of factor are the payments received in excess of its opportunity cost,
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