What effect, if any, will a good college education have on your human capital? Explain your answer
What will be an ideal response?
Human capital refers to the skills people possess. These skills can be gained through education, on the job training, and experience. Thus your college education is increasing your human capital.
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In a firm organized along functional lines, employee performance
a. Is easily evaluated because supervisor and employee have similar skills b. Is more difficult to evaluate because the supervisor and the employee could have different skills c. Does not need to be evaluated d. None of the above
Net exports equals _____
a. the value of exports minus the value of imports b. the value of imports minus the value of exports c. the value of imports minus tariffs d. the value of exports minus tariffs e. the value of exports plus the value of imports minus depreciation