Multiple-Choice Questions1. Your ability to earn money over the working lifetime is called:
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2. Mike earned his bachelor’s degree in history 3 years ago and started working shortly thereafter as ateacher. Michelle earned her high school degree 5 years ago and took a job right out of school. Mariaearned her associate’s degree last year and started work right after graduation. During the nexteconomic recession, who is generally most likely to be unemployed?
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3. Which of the following statements about a person’s health and wealth is false?
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4. Lance is 25 years old, well-educated, and a smoker. Rob is 35 years old, well-educated, and regularlytexts while driving. Tammy is 40 years old, well-educated, drinks a glass of orange juice daily, andexercises regularly. Who has the most human capital potential?Lance.Rob.Tammy.Given their educational achievement, they are all similar.
5. Nick, a skilled welder, had been working for 12 years in a factory that recently closed. This has causedhigh unemployment in his town and region. If Nick is concerned about maximizing his human capital andlifetime wealth accumulation, which action would be most beneficial?
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6. Which of the following statements is true?
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