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WorksheetsHuman Capital
Total questions: 31
Worksheet time: 21mins
Which of the following is NOT a characteristic of Human Capital?
A person's experience
A person's education level
A person's health
A person's financial wealth
What is Human Capital?
Money Assets of a Company
Immigration of people into America
Treating yourself to a nice dinner
A worker's skill, knowledge, and experience
Which of the following is NOT an investment in your own Human Capital?
On the job training
Getting an college degree
Attending a workshop in your occupation
Donating clothes to the local Goodwill
What would cause one job to pay more than another?
The age of the individual
The number of french fries the person can eat in a minute
How much fun they have while they work
The length of training, level of education, and the difficulty of the job
Brian is a mechanic. Which of the following ways can he increase his Human Capital?
Working on multiple cars at the same time
Asking his employer for a raise
Attending classes to improve his skills
Hoping for a promotion without actually in any of the work
A couple just moved into a new home, but they want to get the carpets redone. Which factor would NOT affect the amount the carpet installer gets paid?
The number of years the person has been installing carpets
How many hours the carpet installer works
How many vehicles he owns
The special skills the carpet installer has
How might your current Human Capital differ from your future Human Capital?
Your level happiness
How much you are currently being paid
You have less skills and work experience
Your boss being fired/quitting
True or False, Human Capital is a person's level of education, job experience, and skills
True
False
Which of the following is NOT an example of exchanging human capital for income?
walking a neighbors dog for $1
washing your dishes and making your bed for your weekly allowance of $3
watering a neighbor's plants while they're on vacation for $5
receiving $5 from your grandmother for your birthday
The stock of skill and expertise of a nation at any point in time is called
Human capital
Human development
Human capital formation
Human capital theory
Investment in _______ is considered as one of the main sources of human capital
Education
Health
On job-training
All the above
Human capital is Tangible
True
False
Human development refers to
Development of the individuals by acquiring good education
Consists of skills as used in the process of production
None
Both
Which is the reason for poor human capital formation in the Caribbean?
Brain Drain
Rising Population
rising cost of higher education
All of Above
_____are people who use their skills to produce a good or service
natural resource
human resource
capital resource
What is development?
It´s a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
It´s a form of government with a monarch at the head.
It´s a the process of economic and social advancement in terms of human quality life. It can me measured in terms of: culture, wealth, education, health care, and opportunities.
It´s having a relatively low economic level of industrial production and standard of living (as from lack of capital).
Why is human capital superior to other resources like land and physical capital?
a. Land and capital cannot become useful on its own
b. Human resource can make use of land and capital
c. Human beings are the most supreme creation of the God
d. Both (a) & (b)
Vicious cycle gets created when?
a. Parents invest heavily on the education and health of their children
b. Disadvantaged parents are not able to invest on the health and education of their children
c. None of the above
Countries like Japan are developed/rich because
a. They have adequate or surplus natural resources
b. The governments of such countries are rich
c. They have invested on people, especially in the field of education and health.
Which of the following is NOT a source of human capital?
On-the job training
Migration
Investment in education
Technological transfer
A person becomes a human resource when he is
Willing to work
Able to work
In the age group of 15-60yrs
All of these
Which of the following countries is NOT a good example of economic growth on development caused by a focus on the development of human capital.
South Korea
Hong Kong
The United States of America
Singapore
Data from which world organisation can be used to analyse human capital?
International Monetary Fund
World Bank
United Nations
International Development Bank
In the Caribbean, in which sector are most new jobs created?
Banking
Tourism
Education
Public
Which of the following indicates the decline in the economic growth of the Caribbean?
unemployment rates rising
low employee productivity
increased levels of poverty
All options
Who is one of the main proponent of the Human Capital Theory?
Theodore Schultz
Karl Marx
Max Webber
Emile Durkheim
Which theory supports the Human Capital Theory by claiming that the accumulation of human capital is an important contributor to economic growth?
The Human Growth Theory
The Modern Growth Theory
The Capital Growth Theory
The Economic Growth Theory
Select the Caribbean country/island that has used the principles of the Human Capital Theory to great effect.
Jamaica
Barbados
Both Barbados and Jamaica
None of the options
Briefly explain a reason for the development of the human capital within the region.
