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3.9A Human Capital and Income Flashcards | StudBud

Explore/3.9A Human Capital and Income

Which of the following best describes a wage?

9

3.9A Human Capital and Income

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Financial Literacy

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Questions 10

Answers

1
9
Joseph, Yvette, and Claire
Joseph and Yvette
Joseph only
Yvette and Claire
2
Which of the following best describes a wage?
profit from the sale of goods
interest earned on savings
payment for goods or services
income earned from work
3
8
Jenny has more specialized skills than Maggie.
Maggie has fewer specialized skills than Jenny.
Jenny and Maggie may do the same job.
Maggie will become a nurse.
4
1
Christina and Brenna
Brenna and Sarah
Christina, Brenna, and Sarah
Christina and Sarah
5
Marcus earns $9 per hour selling tickets at the basketball game. What will he earn in 8 hours?
$72
$81
$17
$9
6
Which of the following is NOT an example of exchanging human capital for income?
washing dishes and making your bed for an allowance of $3
Receiving $20 from your parents for your birthday
walking a neighbor's dog for $5
watering neighbors' plants while they are on vacation for $7
7
What is the reason most skilled workers get paid more than unskilled workers?
skilled workers have spent fewer years in school
skilled workers are in greater supply
skilled workers produce more than unskilled workers
skilled workers have more bills to pay
8
Lizzie earns $8 per hour babysitting her neighbor. What is the amount she will earn for 8 hours
$56
$64
$80
$16
9
Which of the following usually causes income from a job to be higher
an ad for the job was placed on the internet
the job has a title
more education is required for the job
people must be interviewed for the job
10
Valentino earns $11 per hour working at the movie theater. How much would he earn in 7 hours?
$77
$100
$11
$70