Human Capital

Another name for income is

• wages.
• salary
• wages and salary.

Human Capital means

• the value that someone has for a job
• the value of a person's back account.
• the value of a person's house.

Human Capital includes all of the following (there is more than one answer)

• education.
• abilities.
• knowledge.
• skills.
• experience.

An example of a person's experience would be

• attending college
• working at a similar job.
• knowing how to sing.

An example of a skill would be

• a person learning all the parts of the car.
• a person fixing an engine.
• a person going to a trade school to get a mechanic certification.

An example of education would be

• a person fixing the engine of a car.
• a person working at a mechanic garage.
• a person attending a college and getting a mechanic certification.

Human Capital is important

• because it give a person value for a job.
• because it makes a person automatically rich.
• because you can retire in 2 years.

Which of the characteristics of human capital or similar?

• Education and Ability
• Ability and Skill
• Experience and Education

A synonym (has the same meaning) for value is

• worth
• happy
• loser

Which statement is true?

• Wages relate to income per hour and Salary is a set amount of income.
• Wages relate to a set amount of income and Salary is income per hour.
• Wages and Salary have nothing to do with income.