If Empirical Tests of the Human Capital Theory Find Conclusive

question 179

Multiple Choice

If empirical tests of the human capital theory find conclusive evidence that education enhances productivity, then optimal public policy would suggest that:

• A)everyone should be required to finish high school
• B)compulsory schooling laws always increase social wellbeing
• C)the benefits of increased productivity need to be weighted against the opportunity cost of education
• D)a university education should be required of all members of society

Enhance skills in citing illustrative examples to elucidate theoretical concepts.

Understand the concept and implications of different reward systems (gainsharing, share-ownership, job status rewards).

Comprehend how job evaluations support different approaches to rewards and their impact on organizational structure.

Recognize the gender and cultural differences in perspectives towards money and rewards.

---

Definitions:

Humours

Bodily fluids, disturbances of which, according to Hippocrates, resulted in psychological dysfunctioning.

Galen

A prominent Greek physician, surgeon, and philosopher in the Roman Empire, known for his contributions to the understanding of anatomy and medicine.

Interpersonal Model

Models that suggest that individuals who are depressed (or at risk for depression) behave in ways that bother or alienate others. As a result, depressed individuals are more likely to experience interpersonal rejection and relationship stress, thereby reducing social support and perpetuating their depression.

Suicide

The act of intentionally causing one's own death, often associated with mental health issues such as depression and anxiety.