The stock of knowledge, skills and talents that people possess is called ?

Related Mcqs:

The substitution effect of higher wages suggests that as the wage rate increases ?

A. leisure becomes less expensive and households buy more of it B. leisure becomes more expensive and households buy more of it C. leisure becomes more expensive and households buy less of it D. leisure becomes less expensive and households buy less of it....

If the income effect is smaller than the substitution effect, higher net wages will ?

A. reduce the supply of labour. B. increase the demand for labour C. increase the supply of labour D. have no effect on the supply of labour...

Housing Benefit is a good example of ?

A. a means tested cash benefit B. a universal (social insurance based) benefit C. a benefit in kind D. none of the above...

In Pakistan the term the poverty trap is used to describe the fact that ?

A. poor people are excluded from most leisure and social activities B. the Pakistan benefit system makes being poor vary degrading C. if poor people earn more their benefits fall, making them no better off. D. in the Pakistan poor people are heavily taxed...

If output price is constant, the marginal revenue product of labour curve will have the same shape as the ?

A. total variable cost curve B. marginal cost curve C. total product of labour curve D. marginal product of labour curve...