Blackboard QUESTION 53 wage. b human capital O c a union QUESTION 54 amounts of
ID: 1127951 • Letter: B
Question
Blackboard QUESTION 53 wage. b human capital O c a union QUESTION 54 amounts of human capital than women have O a the supply of female labor to be higher than the supply of male labor O b. the demand for female labor to be higher than the demand for male labor. we would expect . the supply of female labor to be lower than the demand for male labor O d the demand for female labor to be lower than the demand for male labor QUESTION 55 Remaining Time O a. Workers demand higher wages to compensate for poor fringe benefits O b Employers give their workers a higher wage in the hope that it will lead to increased productivity o c Workers get higher wages when they prove they are in O d Employers are forced to pay higher wages in efficient markets increasing their productivity QUESTION 56 Human capital is O a. an important determinant of wages, and it affects the production of goods and services O b an important determinant of wages, but it does not affect the production of goods and services very different from physical capital in that physical capital represents an investment, while human capital does not represent an investment ific type of physical capital made by humans rather than machines QUESTION 57Explanation / Answer
53) b is correct
Human capital is the investment in education and skills that increase productivity.
54) b is correct
Demand for labour is positively related to human capital. Higher the human capital higher is the productivity. So if female has higher human capital, demand for female is higher.
55) b is correct
Employers pay higher wage than equilibrium in order to prevent shirking which will increase their productivity.
56) a is correct
Human capital increases productivity. Thus human capital is an important determinant for wages.
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