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Personal Financial Literacy: Human Capital Flashcards | StudBud

Explore/Personal Financial Literacy: Human Capital

Personal Financial Literacy: Human Capital

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Human Capital

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Questions 8

Answers

1
Which is NOT an example of exchanging human capital for income?
Walking a neighbor's dog for $1
Doing chores around the house for your $3 weekly allowance
Watering a neighbor's yard while they're on vacation for $5
Receiving $5 form your grandmother for your birthday
2
How do most people earn their income?
By exchanging their human capital for rent
By exchanging their human capital for wages or salaries
By exchanging their human capital for profits and losses
By exchanging their human capital for interest
3
Which of the following is one way to improve human capital?
Going shopping
Building a factory
Attending school
Saving money
4
Which of the following is the knowledge, skills, education and talent people bring to work?
Natural resources
Financial capital
Capital resources
Human capital
5
Which of the following is included in human capital?
Knowledge and skills
Plant and equipment
Savings and investment
Stocks and bonds
6
Maggie is a babysitter. How can she improve her human capital?
Charge a higher price for babysitting
Babysit only 1 child at a time
Purchase toys to use with the children she babysits
Attend a class to improve her babysitting skills
7
Which of the following is another way to improve your human capital?
Gaining job experience
Buying stocks
Increasing worker wages
Selling new equipment
8
Which of the following is income earned for providing human capital?
Saving
Profit
Wages or salary
Interest