3.9A Human Capital and Income

A company that builds houses pays each carpenter for the work he or she does.  Which factor would NOT affect the amount of money the carpenter gets paid?

• the special skills the carpenter has
• the kind of car the carpenter drives
• the years of experience the carpenter has
• the number of hours the carpenter works

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.2

CCSS.HSA.CED.A.3

What causes one job to pay more than another job?

• the length of training, amount of education level and level of job difficulty
• the age of the person working
• where the person working lives
• how many kids the person working has

Tags

CCSS.HSS.IC.B.4

_________ is the money that is earned for the person that did the _________ .

• rent, cleaning
• dollar bill, chores
• bills, purchase
• income, labor

Tags

CCSS.RI.3.3

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.2.3

CCSS.RI.2.5

Four kids are trying to make money during the summer to go to camp.  The camp costs $24 a day to attend.  Lashea earns $1 an hour to watch his baby sister.  Joseph earns $3 an hour filing papers at his mom's office.  Carmen makes $2 an hour helping her dad mow the lawn.
How many hours will Carmen have to work to have enough money to go to camp?

• 24
• 22
• 12
• $30

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

Four kids are trying to make money during the summer to go to camp.  The camp costs $24 a day to attend.  Lashea earns $1 an hour to watch his baby sister.  Joseph earns $3 an hour filing papers at his mom's office.  Carmen makes $2 an hour helping her dad mow the lawn.
Who has to work longer to earn $24 and why?

• Lashea because his amount is smallest.
• Joseph because his amount is the biggest.
• Lashea because his amount is the largest.
• Joseph because his amount is the smallest.

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

Which of the following includes the knowledge, skills, education and talent people bring to work?

• financial capital
• natural capital
• human capital
• natural resources

Lydia is a babysitter.  Which of the following ways can she increase her human capital?

• babysit only one child at a time
• charge a higher price for her babysitting
• purchase toys she can use while she babysits
• attend a class to improve her babysitting skills

Which of the following is not an example of exchanging human capital for income?

• walking a neighbors dog for $1
• washing your dishes and making your bed for your weekly allowance of $3
• watering a neighbor's plants while they're on vacation for $5
• receiving $5 from your grandmother for your birthday

Walker earns $10 per hour while working at a restaurant.  What is the amount of money he will earn in 8 hours?

• 18
• 80
• 2
• 81

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

Brenda teaches 3rd grade at Audelia Creek Elementary School.  Tricia cleans offices for a cleaning company.  Susan donates time to the local library.  Which of these people is earning income?

• Brenda and Tricia
• Brenda and Susan
• Tricia and Susan
• Brenda, Susan and Tricia