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PF6: S/D labor, categories of labor

Last updated about 6 years ago

5 questions

1

1

1

1

1

Question 1

1.

Which of the following leads to higher wages?

High demand and low supply of labor

Low demand and low supply of labor

Low demand and high supply of labor

High demand and high supply of labor

Question 2

2.

Which of the following categories of labor requires specialized training and skills?

Unskilled labor

Skilled labor

Semi-skilled labor

Professional labor

Question 3

3.

Which of the following categories of labor demand advanced skills and education?

Skilled labor

Professional labor

Unskilled labor

Semi-skilled labor

Question 4

4.

Waiters, messengers and janitors are examples of what category of labor?

Semi-skilled labor

Unskilled labor

Professional labor

Skilled labor

Question 5

5.

Workers who invest less in themselves as human capital can expect

Lower productivity and lower wages over their lifetime

Lower productivity and higher wages over their lifetime

Higher productivity and lower wages over their lifetime

Higher productivity and higher wages over their lifetime