Economics Multiple Choice Questions and Answers

21. Which skills are most likely to be paid for by the employer?

1. General skills
2. Specific skills
3. Educational skills

22. If worker A earns more in wages than worker B, it could be because:

1. The product made by worker A sells for a higher price than that made by worker B
2. Worker A uses more capital per worker than worker B
3. Worker A has more natural ability than worker B
4. All of the above

23. Skills that embodied in a person are called

1. Human capital
2. Embodied skills
3. Physical capital
4. Experience skills

24. Treating an individual as typical of a group is the definition of

1. pure discrimination
2. statistical discrimination
3. human capital
4. specific skills