Labor and Wages

Labor and Wages

Assessment

Flashcard

Social Studies

9th - 12th Grade

Hard

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23 questions

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1.

FLASHCARD QUESTION

Front

The study of labor is part of the branch of economics called...

Back

Macroeconomics

Answer explanation

The study of labor is part of macroeconomics. Macroeconomics is the branch of economics that deals with the economy as a whole.

2.

FLASHCARD QUESTION

Front

Your health, skills, education and abilities are just some of the things that make up your...

Back

human capital

Answer explanation

One of the main contributions to productivity comes from investments in human capital, the sum of the skills, abilities, health, and motivation

of people.

3.

FLASHCARD QUESTION

Front

Picking fruit requires no skills or training. This type of job falls under the category of...

Back

unskilled labor

Answer explanation

Those who work primarily with their hands because they lack the training and skills required for other tasks make up the category.

4.

FLASHCARD QUESTION

Front

A yard and lawn landscaper requires enough mechanical skill or training to run a lawn mower. This type of job falls under the category of...

Back

semi-skilled labor

Answer explanation

semiskilled labor—workers with enough mechanical abilities and skills to operate machines that require a minimum amount of training.

5.

FLASHCARD QUESTION

Front

A carpenter is able to operate complex machinery and can perform their job with little supervision. This type of job falls under the category of...

Back

skilled labor

Answer explanation

Skilled labor includes workers who are able to operate complex equipment and can perform their tasks with little supervision.

6.

FLASHCARD QUESTION

Front

A computer programmer writing software has the highest levels of education. This type of job falls under the category of...

Back

professional labor

Answer explanation

Professional labor, or those individuals with the highest level of knowledge-based education and managerial skills.

7.

FLASHCARD QUESTION

Front

Doctors do not compete with nurses for jobs. This is because the two careers are in...

Back

noncompeting labor grades

Answer explanation

Workers in one labor category generally do not compete with those in another category. For example, unskilled workers do not compete directly with semiskilled and skilled laborers. Because of this, it is useful to think of labor as being grouped into noncompeting labor grades, broad categories of labor that do not directly compete with one another because of experience, training, education, and other human capital investments.

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