Question

1.Which of the following refers to the skills and knowledge that make workers productive?

Select the correct answer below:

college degree

human capital

capital deepening

human resource

2.Which of the following defines a discouraged worker?

Select the correct answer below:

an individual who is too young to be in the labor force

an individual who is actively seeking employment but has yet to secure a job

an individual who wants to work full time but can't find full time jobs, so is working part time

3.an individual who has been unable to find the job that he/she wants so has stopped looking for employment

Convergence is the idea that ______________________.

Select the correct answer below:

high-income countries grow faster than low-income countries

low-income countries grow faster than high-income countries

low-income countries grow at the same rate as high-income countries

none of the above.

4.The category of physical capital which includes the plant and equipment that firms use as well as things like roads is called

Select the correct answer below:

machinery and equipment

infrastructure

human capital

technology

5.As more and more people get higher education, this leads to capital deepening.

Select the correct answer below:

True

False

6.nvesting in education strengthens

Select the correct answer below:

human capital

technology

physical capital

all of the above

Answer 1

1. Human capital make workers more productive. Hence the answer will be:

human capital

2. A discouraged worker is someone who looks for work for quite some times and then stopped looking for work. Hence the answer will be:

an individual who has been unable to find the job that he/she wants so has stopped looking for employment.

3. When developing economies or poor income economies grow at an accelerated rate than rich countries, then convergence occurs. Hence the answer will be:
low-income countries grow faster than high-income countries

4. The category of physical capital which includes the plant and equipment that firms use as well as things like roads is called physical capital or infrastructure. Hence the answer will be:

infrastructure