Q1. In the following graph, what does the vertical axis represent? A) The point in time when the individual is born and their potential human capital is the greatest while their financial capital is the smallest. B) The point in time when the individual finishes their educational training and starts working. C) The combined amount of human and financial capital called total wealth.
Q2. Which of the following is considered human capital? A) Investment gains. B) Social Security payments. C) Inheritance.
Q3. A measure of an individual’s lifetime earning capacity is best defined as which of the following? A) Human capital. B) Financial capital. C) Total wealth.
Q4. Social security and other employment-related pension payments are considered: A) financial capital because they are derived from an accumulation of the investor’s past labor. B) neither human capital nor financial capital because they are received after retirement. C) human capital because they are derived directly from the investor’s labor.
Q5. Which of the following statements regarding the Human Capital equation below is least accurate? A) The expectancy of receiving a bonus is incorporated into the numerator. B) The amount of human capital is based on an investor’s current annual inflows. C) Volatility is included in the denominator.
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发表于 2009-1-20 10:04
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