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:

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