【单选题】Human capital
A.
can be thought of, metaphorically, as the quality of society’s textbooks, whereas technological knowledge can be thought of as the time that the population has devoted to reading textbooks.
B.
is more tangible than physical capital.
C.
is an input in the production of goods and services.
D.
is the same as the quantity of labor.
【单选题】Human capital is:
A.
the improvement in labor made possible by education and knowledge that is embodied in the workforce.
B.
the machinery and tools that each worker owns.
C.
robots that can perform tasks that only humans could do in the past.
D.
not as important as physical capital.
【单选题】Human capital is
A.
all capital owned by individuals, but not by corporations or governments.
B.
all capital owned by individuals or corporations, but not by governments.
C.
machinery that meets or exceeds federal safety standards for use by humans.
D.
the skill and knowledge of workers.
【单选题】If the price of a product changes by 5 percent, and as a result quantity demanded changes by 10 percent ( )
A.
demand for the product is price inelastic
B.
revenue will rise if the price change was an increase
C.
revenue will fall if the price change was a reduction
D.
revenue will rise if the price change was a reduction
【判断题】If a price changes, then changes in consumption at the intensive margin are changes that happen because consumers alter the amounts that they consume, but do not either stop consuming or start consumi...
【单选题】According to the human capital view of education, 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.
【单选题】Which of the following statements regarding human capital is INCORRECT?
A.
Human capital is the accumulated skill and knowledge of human beings.
B.
Education is the only vehicle for the creation of human capital because training simply reinforces what has already been learned.
C.
The accumulation of human capital is the source of both increased productivity and technological advance.
D.
Writing and mathematics, the most basic of human skills, are crucial elements in economic progress.