Human Capital and Income (3.9A)

Front

What is human capital?

Back

Human capital refers to the knowledge, skills, education, and talents that people bring to their work.

Front

What is income?

Back

Income is the money earned by a person for the work they do.

Front

What factors can affect how much a carpenter gets paid?

Back

Factors include special skills, years of experience, and the number of hours worked.

Tags

CCSS.RI.2.1

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RL.3.1

CCSS.RL.3.2

Front

Which factor does NOT affect a carpenter's pay?

Back

The kind of car the carpenter drives.

Front

What causes one job to pay more than another?

Back

Factors include the length of training, amount of education, and level of job difficulty.

Front

What is an example of exchanging human capital for income?

Back

Walking a neighbor's dog for $1.

Front

What is NOT an example of exchanging human capital for income?

Back

Receiving $5 from your grandmother for your birthday.

Front

What is the relationship between labor and income?

Back

Income is the money earned for the labor performed.

Front

What is financial capital?

Back

Financial capital refers to the funds used to acquire goods and services.

Front

What is natural capital?

Back

Natural capital includes natural resources like water, minerals, and forests.