Which of the Following Is an Example of an Investment

question 76

Multiple Choice

Which of the following is an example of an investment in human capital?

• A) enrolling in a course to improve your computer skills
• B) purchasing a computer to increase the productivity of your workers
• C) installing a new piece of software on your computer which enables you to read documents online
• D) accepting a job in the computer industry

Recognize the concept of equilibrium price and quantity in the market.

Understand the outcomes of market disequilibrium.

Appreciate the role and impact of price ceilings and price floors.

Identify methods of rationing and their effects on the market.

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Definitions:

Stereotyping

Erroneous assumptions that all members of a group share the same traits or characteristics.

Attraction-Similarity Hypothesis

A theory suggesting that people are attracted to others who are similar to themselves in terms of attitudes, values, and interests.

Altruism

The practice of selflessly caring for the welfare of others, often at a cost to oneself.

Fundamental Attribution Error

The assumption that others act predominantly on the basis of their dispositions, even when there is evidence suggesting the importance of their situations.