According to Human Capital Theory, Which of the Following Is

question 61

Multiple Choice

According to human capital theory, which of the following is not a reason college graduates earn more than those with only a high school degree?

• A)College graduates insist on a financial return on their human investments.
• B)College graduates are made more productive by their greater training.
• C)Jobs that require more education must pay higher wages to attract enough workers.
• D)Income effects are higher for jobs requiring more education.

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Definitions:

Legal Ownership

The official right to possess or use property based on a legal framework which recognizes one's claim to the asset.

Scientific Management

A management theory that analyzes and synthesizes workflows to improve economic efficiency, particularly labor productivity.

Job Enrichment

A method of job design aimed at enhancing job satisfaction and performance by adding tasks that increase responsibility, autonomy, and opportunities for personal growth.

Piece Rate Pay

A compensation system where employees are paid based on the quantity of work completed or the number of units produced.