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Most Competitive Human Capital MCQs ( Economics ) MCQs – Latest Economics MCQs

Most Competitive Human Capital MCQs ( Economics ) MCQs – Latest Economics MCQs

This post is comprising of latest ” ( Economics ) MCQs – Latest Competitive Medical MCQs “. Here you’ll get latest Economics mcqs for written test, interview with answers. If you want to improve your knowledge regarding Economics then read these mcqs of Design of Steel Structures.

Latest Economics MCQs

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Latest Human Capital Mcqs ( Economics ) Mcqs

The most occurred mcqs of Human Capital Mcqs ( Economics ) in past papers. Past papers of Human Capital Mcqs ( Economics ) Mcqs. Past papers of Human Capital Mcqs ( Economics ) Mcqs . Mcqs are the necessary part of any competitive / job related exams. The Mcqs having specific numbers in any written test. It is therefore everyone have to learn / remember the related Human Capital Mcqs ( Economics ) Mcqs. The Important series of Human Capital Mcqs ( Economics ) Mcqs are given below:

According to the human capital view of education ?

A. can make any worker into a superstar
B. increases human capital and the wages of workers
C. has no impact on the human capital of workers
D. only helps firms sort workers into high ability and low-ability workers.

According to the signaling view of the education ?

A. increases human capital and the wages of workers
B. can make any worker into a superstar
C. only helps firms sort workers into high ability and low-ability workers
D. reduces the wage gap between high-skill and low-skill workers.

If two jobs require the same amount of skills and experience the job that pays the most is most likely to be the one that is ?

A. unpleasant
B. easy
C. safe
D. fun
E. all these answers

Which of the following is true regarding the earning of attractive versus unattractive workers ?

A. Attractive people tend to earn more because attractive people usually have greater human capital
B. Attractive people tend to earn more because they may actually have a larger value of marginal product
C. Attractive people tend to earn less because attractive people are viewed as shallow and more self-absorbed and therefore, as less productive
D. Attractive people tend to earn less because attractive people usually have less human capital

Which of the following professionals is most likely to be able to generate the income of a superstar ?

A. the best professor
B. the best writer
C. All of these answers participate in markets that could generate a superstar
D. the best medical doctor
E. The best accountant

In order for a market to support superstars it must have which of the following characteristics ?

A. Every customer must be willing to pay an enormous amount for the product and the product must be a necessity
B. Every customer must be indifferent to the price they pay, and the seller must be a competitor in the market for the product
C. It must be involved in professional athletics
D. Every customer must want the good supplied by the best producer and the technology must exist for the best producer to supply every customer at low cost

Competitive markets tend to ?

A. Increase labor market discrimination because some workers can charge more for their services than other workers in a competitive market
B. increase labour market discrimination because bigoted employers can charge any price they want in a competitive market to cover the cost of their discrimination
C. reduce labour market discrimination because non-discrimination firms will employ cheaper labour earn more profits and drive discriminating firms out of the market
D. have no impact on labour market discrimination

Monetary, Fiscal, And Income Policy And Inflation MCQs

Which of the following is not a reason why some workers are paid above the equilibrium wage ?

A. minimum-wage laws
B. unions
C. efficiency wages
D. beauty

Which of the following explanations of wage differentials is not likely to be true ?

A. Men have more job experience than women
B. Employers in competitive markets are bigots
C. Men have more human capital than women
D. None of the above

A profit-maximizing firm will hire labour until _____ equals the _______?

A. labor output ratio, capital output ratio
B. long run marginal revenue, long run marginal cost
C. marginal revenue, marginal cost
D. marginal cost of labor, marginal revenue product

Top footballers tend to earn more than lecturers because ?

A. lecturers are lazy
B. footballers give more entertainment
C. the labor markets are imperfect
D. top footballers are relatively scarce in relation to lecturers

Skilled labor is relatively scarce because ?

A. too few student places in higher education
B. there are too few teachers
C. it is costly to acquire human capital
D. teachers’ salaries are too low

By restricting labor supply a trade union can _____ and _______?

A. maintain the wage, increase employment
B. increase the wage, increase employment
C. increase the wage, lower employment
D. maintain the wage, lower employment

Involuntary unemployment exists if workers ?

A. will not work because the hours are anti-social
B. would work at the going wage but can’t find jobs
C. will not work at the offered wage
D. Are not prepared to move house to get the job

The difference between gross investment and net investment is ?

A. depreciation of the existing capital stock
B. dwellings
C. productive investment
D. inventories

The value of an asset depends upon ?

A. its depreciation
B. its scrap values
C. the present value of the future stream of income it can earn
D. the cost of loans

If workers get a real wage increase this will likely ____ and _____?

A. encourage the use of more capital in the long run, reduce demand for all inputs
B. encourage the use of less capital, reduce demand for all inputs
C. encourage the use of less capital reduce demand for all inputs
D. encourage the use of more capital increase demand for all inputs

Different capital intensity in different industries is mainly explained by _______ and ________?

A. patents, skill shortages
B. technology, the ease of factor substitution
C. government grants, international competition
D. wage differentials, skill levels

The functional distribution of income shows how national income is divided between ?

A. the population
B. employees
C. the factors of production
D. the working population

Land will be allocated between competing uses so that ?

A. industry gets priority
B. housing gets priority
C. farming gets priority
D. the equilibrium rental rate equilibrium total demand with supply

Economic Development In Historical Perspective MCQs

In the short run, the supply of capital is ________ and in the long run will depend on _______?

A. fixed, expectations
B. variable, technology
C. fixed, rental rate of capital
D. variable, interest rates

The marginal revenue product of capital is the ?

A. change in company’s share price
B. additional value of output from using more capital
C. change in a company’s balance sheet when it acquires new plant
D. changing value of the capital stock

the cost of using capital services is the ?

A. interest charges
B. wage rate of capital
C. marginal capital cost
D. rental rate for capital

Efficiency wages are ____ that raise _____?

A. high wages, labor supply
B. low wages, employment
C. high wages, productivity
D. high wages, employment

In the West Women and non-whites on average receive lower incomes than white men because ?

A. educational disadvantage
B. they tend to work in relatively unskilled jobs
C. firms are reluctant to invest in training
D. all of the above

The most important source of wage differentials are ?

A. unionization
B. regional variation
C. relative danger
D. skills

Unions achieve a higher wage differential the more _____ and the more ______?

A. inelastic the demand for labour, they can restrict the supply of labour
B. the economy is growing, people prefer leisure
C. members they have, aggressive they behave
D. the productivity is growing vacancies exist

The opportunity cost of acquiring education is ?

A. course fees and living expenses
B. course fees
C. the earnings foregone
D. Course fees living expenses and textbook

Human capital can be described as ?

A. a person inherited ability
B. the tools used by workers to enhance productivity
C. the stock of expertise accumulated by a worker
D. education

The participation rate in the labour force is affected by ?

A. lower fixed costs of working
B. higher real wages
C. lower non-labour income
D. changes in tastes between leisure and work
E. all of the above

The downward sloping marginal physical product of labor is the firm’s ?

A. marginal cost of labour
B. Short-run demand curve for labor
C. Supply of labor
marginal revenue product of labor

The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it

A. increase; reduce
B. increase; increase
C. reduce; reduce
D. reduce; increase

Which of the following is likely to generate a compensating differential ?

A. One employee is more attractive than another
B. One employee works harder than another
C. All of these answers generated
D. One employee is more educated than another
E. One employee is willing to work the nightshift while another is not.

A wage differential among groups may not by itself be evidence of discrimination in the labour market because different groups have ?

A. different preferences for the type of work they are willing to do
B. different levels of education
C. all of these answers are correct
D. different levels of job experience

Theories Of Economic Development MCQs

Which of the following statements regarding discrimination is true ?

A. Bigoted employers are the main source of a persistent discriminatory wage differential in a competitive market
B. Discrimination can only persist in a competitive labour market it customers are willing to pay to maintain the discriminatory practice or the government requires discrimination
C. The existence of a wage differential among groups is strong evidence of discrimination in the labour market
D. Discrimination cannot exist in a competitive labor market

It is not considered discrimination when an employer offers different opportunities to individuals that differ only by them ?

A. productivity
B. sex
C. age
D. race

Economists have hypothesized that the widening gap between the wages of unskilled workers and skilled workers may be due to ?

A. decrease in the demand for unskilled workers because of increases in technology and increases in international trade
B. increase in the number of unskilled workers available because workers are more poorly educated
C. decrease in the demand for unskilled workers are more poorly educated
D. increase in the number of unskilled workers available due to immigration into the UK.

Which of the following could result in women being paid less than men ?

A. customers preferring to deal with men
B. Women entering and leaving the labour force to care for children
C. women obtaining less human capital because they don’t plan to work continuously to the age of retirement
D. women preferring to work in pleasant clean safe work places
E. all of these answers

In a competitive market, which of the following is least, likely to be the source of a persistent discriminatory wage differential ?

A. All of these answers could be source of a persistent discriminatory wage differential
B. the government
C. the customer
D. the employer

All of the following would tend to increase a worker’s wage except ?

A. working harder
B. Working the night shift
C. more education
D. having a greater amount of natural ability
E. doing a job that is fun

Which of the following is not part of a worker’s human capital ?

A. experience
B. education
C. all of these answers are parts of a worker’s human capital
D. effort
E. on the job training

If a person who works in coal mine gets paid more than a person with a similar background and skills who works in a safer job, then ?

A. coal miners must be more attractive than other workers
B. we have observed a compensating differential
C. coal miners must have greater human capital than others
D. we have evidence of discrimination against workers outside the coal mine

Most Competitive Human Capital MCQs ( Economics ) MCQs – Latest Economics MCQs