Human capital is
A. The ratio of labor to capital.
B. The knowledge and skills possessed by the labor force.
C. Able to increase only if the labor force grows.
D. Insignificant in productivity advances.
Answer: B
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An organization producing a wide range of products is more likely to decentralize its decision making process than a firm operating in a single industry
Indicate whether the statement is true or false
The equilibrium quantity is the common quantity where the amount of the product consumers want to buy (quantity demanded) is equal to the amount producers want to sell (quantity supplied).
Select whether the statement is true or false. A. True B. False
An increase in the number of corporations in a portfolio from 110 to 120 reduces
a. market risk by more than an increase from 1 to 10. b. market risk by less than an increase from 1 to 10. c. firm-specific risk by more than an increase from 1 to 10. d. firm-specific risk by less than an increase from 1 to 10.
Friedrich Nietzsche's views on income distribution and fairness can best be described by the statement:
A. An efficiently operating marketplace will generate an equal distribution of income without government intervention. B. Society's goal should be to maximize the welfare of the least well-off, but some inequality is necessary to meet this goal. C. A high level of income inequality is necessary to sustain the arts, beauty, education, and civilization. D. The lesser individuals' duty should be to work for the well-being of the brightest individuals.