Labor Market

Which of these is NOT included in the basic minimum needs of an individual?

• housing

• work

• food

• health

Which among the following has the highest rate of poverty in 2015?

• youth

• women

• self-employed workers

• fishermen

Which of these is NOT an example of in-kind transfers?

• free medical services

• housing vouchers

• retirement fund

• food stamps

This refers to the accumulated skill and knowledge of people

• human labor

• human capital

• capital wage

• asset capital

According to the economic life cycle, which of these helps a worker earn more income in their lifetime?

• having transitory income

• identifying useful skills

• gaining maturity and experience

• moving to another country

Which of these is NOT a cause of economic inequality?

• personal and family characteristics

• financial and physical capital

• entrepreneurial ability

• industry conditions

What was the poverty threshold for the year 2015?

• P13,357

• P18,935

• P21,753

• P16,871

What are the two government policies to reduce poverty?

• tax brackets and minimum wage laws

• minimum wage laws and in-kind transfers

• in-kind transfers and child welfare allowances

• tax brackets and child welfare allowances

Which year has the lowest poverty rate?

• 2015

• 2006

• 2012

• 2009

Which of these can help workers smooth out changes in income during their lifetime?

• buying assets

• borrowing and saving

• working overtime

• taking on more jobs