Which of the Following Is a Distinction Between General and Specific

question 42

Multiple Choice

Which of the following is a distinction between general and specific human capital?

• A)General human capital consists of training and education that is valued by different firms,whereas specific human capital is more valuable to the current employer.
• B)General human capital enables workers to earn compensating wage differentials,whereas workers with specific human capital earn the competitive wage rate.
• C)General human capital leads to higher labor costs,whereas specific human capital leads to higher turnover costs.
• D)General human capital leads to self-selection on the basis of risk preference,whereas specific human capital leads to the adverse selection problem.

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Definitions:

Industrial Engineering

A branch of engineering focused on optimizing complex processes, systems, or organizations by improving productivity, efficiency, and safety.

Emotional Intelligence

The capacity to recognize, understand, manage, and reason with emotions, both in oneself and in others.

Judicial Decisions

Rulings or conclusions by courts concerning laws, constitutions, or cases that serve as precedents for subsequent legal decisions.

Law of Contracts

The branch of law dealing with the creation and enforcement of agreements between parties, outlining the obligations that each party must fulfill.