1) Which of the following is not a measure of human capital? (a) fluency in a fo
ID: 394736 • Letter: 1
Question
1) Which of the following is not a measure of human capital?
(a) fluency in a foreign language
(b) literacy
(c) willingness to take risks
(d) years of formal education
(e) on-the-job training
2) Most rich economies have committed to donate what percentage of their GDP in aid?
(a) 5%
(b) 0.5%
(c) 0.7%
(d) 0.1%
(e) none
3) Endogenous growth theory explains poverty traps as the result of
(a) discrimination
(b) wide variations in basic human attitudes, motivation, and risk-taking
(c) more rapid depreciation of human capital among some groups than others
(d) interdependencies which make investments more valuable in wealthy regions
(e) mismanaged government policy
4) Empirically, in recent decades
(a) convergence has taken place between the richest and poorest nations
(b) divergence has occurred between the richest and poorest nations
(c) the richest and poorest nations have, on average, grown at roughly equal rates, neither converging nor diverging
(d) divergence has occurred among the 50 US States
(e) divergence has occurred among developed countries
(a) fluency in a foreign language
(b) literacy
(c) willingness to take risks
(d) years of formal education
(e) on-the-job training
Explanation / Answer
1. The correct option is (c) willingness to take risks.
2. The correct option is (c) 0.7%
3. The correct option is (d) interdependencies which make investments more valuable in wealthy regions.
4. The correct option is (a) convergence has taken place between the richest and poorest nations.
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