If a person who works in coal mine gets paid more than a person with a similar background and skills who works in a safer job, then ?

A. Coal miners must have greater human capital than others
B. We have observed a compensating differential
C. Coal miners must be more attractive than other workers
D. We have evidence of discrimination against workers outside the coal mine

Which of the following is not part of a worker’s human capital ?

A. Education
B. Experience
C. All of these answers are parts of a worker’s human capital
D. Effort

All of the following would tend to increase a worker’s wage except ?

A. working the night shift
B. working harder
C. more education
D. having a greater amount of natural ability

The marginal tax rate is ?

A. The tax rate you pay on any additional income that you earn.
B. The total amount of tax you pay divided by your total income
C. The additional tax you pay divided by your total income
D. Your total income divided by the total amount of tax you pay.

A progressive income tax means that those with a higher income pay ?

A. A higher percentage of their income in taxes then low income people
B. A lower percentage of their income in taxes than low income people
C. The same percentage of their income in taxes as low income people all the taxes in the economy.
D. All the taxes in the economy

Tax incidence is the ?

A. Structure of the tax.
B. Ultimate distribution of a tax’s burden
C. Behaviour of shifting the tax to another party
D. Measure of the impact the tax has on employment and output

The marginal revenue product of labour is ?

A. The marginal product of capital times the price of labour.
B. The additional revenue a firm earns by employing on additional unit of labour
C. The additional profit a firms earns by employing one additional unit of labour
D. The additional revenue the firm makes by selling one unit of labour.

If output price is constant, the marginal revenue product of labour curve will have the same shape as the ?

A. Total variable cost curve
B. Marginal cost curve
C. Total product of labour curve
D. Marginal product of labour curve

Unemployment benefits may increase the unemployment rate because unemployment benefits ?

A. Encourage people to quit their jobs
B. Reduce the cost of job search
C. Enable people to quit searching for work
D. Reduce the benefits of additional job searching

The stock of knowledge, skills and talents that people possess is called ?

A. Training investment
B. Skill capital
C. Skill-building investment
D. Human capital