Economics y12 cbt

What is human capital?

• Money and financial assets

• Physical assets like machinery and buildings

• The skills, knowledge, and experience possessed by individuals

• Natural resources like land and minerals

Which of the following is an example of physical capital?

• A computer programmer's coding skills

• A factory building

• A doctor's medical knowledge

• A teacher's teaching methods

Why is brain drain considered a problem?

• Because underdeveloped countries take all the doctors.

• Because the United States is a rich country.

• Because it causes negative effects in the 'home' country.

• Because there are better jobs elsewhere.

The best way to reduce brain drain is

• all of the above

• Start a marketing campaign that encourages young people to attend college in their home country

• Increase the number of good-paying Jobs in the home country

• Create more skilled jobs in the home country

When a country loses its most educated and talented workers to other countries because of migration, it is known as

• Brain wash

• Brain drain

• Brain migration

• Brain waste

Which of the following is NOT a characteristic of Human Capital?

• A person's education level

• A person's experience

• A person's health

• A person's financial wealth

Which one of the following is a major source of human capital formation?

• expenditure on infrastructure.

• expenditure on education

• expenditure on bueaty

• none of the above

What is an example of Human Capital?

• On-the-job training

• losing the cash in your wallet

• A company wanting to expand

• none of the above

There are …..types of services occupation

• 2

• 3

• 4

• 5

The service industry is also known as the ………industry

• tertiary
• quaternary
• secondary
• primary