Compared with a Similar Job That Requires Little Human Capital

question 63

Multiple Choice

Compared with a similar job that requires little human capital labor market issues, a job that requires a large amount of human capital labor market issues will likely pay:

• A) a lower wage rate.
• B) a higher wage rate.
• C) the same wage rate.
• D) twice the wage rate.

---

Definitions:

Companies

Legal entities formed by a group of individuals to engage in and operate a business enterprise, commonly aimed at profit.

Universities

Institutions of higher education and research, which grant academic degrees in various disciplines.

Governments

The individuals and institutions responsible for making and enforcing rules and laws within a society or country.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment.