A. training investment
B. skill capital
C. skill-building investment
D. human capital
Economics Mcqs
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
Under Which of the following conditions would you prefer to be the borrower ?
A. The nominal rate of interest is 12 percent and the inflation rate is 9 percent
B. The nominal rate of interest is 20 percent and the inflation rate is 25 percent
C. The nominal rate of interest is 5 percent and the inflation rate is 1 percent
D. The nominal rate of interest is 15 percent and the inflation rate is 14 percent
Supply of land in a given use ?
A. will be perfectly inelastic in the long run. but upward sloping in the short run
B. is perfectly inelastic since there is a fixed amount of land
C. is perfectly elastic since there is fixed amount of land
D. will be upward sloping because as land becomes more valuable in once use, the amount of land made available for that use will increase
If workers and firms agree on an increase in wages based on their expectations of inflation and inflation turns out to be more than they expected ?
A. none of these answers
B. Workers will gain at the expense of firms
C. neither workers nor firms will gain because the increase in wages in fixed in the labor agreement
D. firms will gain at the expense of workers.
A Gini coefficient of zero means that the ?
A. the income is split equally between the top 20% and the rest of the distribution
B. one person has all the income and every one else has nothing
C. all the income is received by the top 20% of the income distribution
D. income is equally distributed
All of the following would tend to increase a worker’s wage except ?
A. Working the night shift
B. working harder
C. more education
D. having a greater amount of natural ability
E. doing a job that is fun
Inflation ?
A. Reduce the cost of living
B. Reduce the standard of living
C. Reduce the price of products
D. Reduce the purchasing power of a rupee
In a competitive market, which of the following is least, likely to be the source of a persistent discriminatory wage differential ?
A. All of these answers could be source of a persistent discriminatory wage differential
B. the customer
C. the government
D. the employer
Vertical equity holds that ?
A. those will equal ability to pay should bear equal tax burdens.
B. those who benefit the most from government service should bear the higher tax burden
C. those with equal ability to pay should bear unequal burdens
D. those with greater ability to pay should pay more