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The set of skills,knowledge,experience,and talent that determine people's productivity as workers is called:


A) human capital.
B) physical capital.
C) investment.
D) educational training.

E) A) and B)
F) A) and C)

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A plan to revitalize the downtown area of a struggling city would fulfill which of the following goals to address poverty and inequality?


A) Economic development
B) Safety nets
C) Redistribution
D) None of these is true.

E) None of the above
F) A) and D)

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Research shows programs like unemployment insurance,disability or health insurance,and job training can be effective in fighting:


A) transient poverty,but not chronic poverty.
B) both transient and chronic poverty.
C) chronic poverty,but not transient poverty.
D) neither transient nor chronic poverty.

E) C) and D)
F) A) and D)

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Which of the following countries has experienced decreasing inequality in recent decades?


A) Rich countries
B) Countries with high economic growth
C) Countries with low economic growth
D) None of these has experienced decreasing inequality.

E) A) and B)
F) A) and C)

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When a society is more equal:


A) the economy grows,so the best economy is the most equal.
B) the economy grows,but that doesn't mean the most equal society is the best society.
C) economic growth will create imbalance,and the government will need to work to equalize incomes.
D) economic growth will encourage balance,since equality spurs entrepreneurship and innovation.

E) C) and D)
F) None of the above

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You acquire human capital by:


A) getting an education.
B) investing in health care.
C) gaining experience in jobs.
D) All of these are true.

E) A) and B)
F) A) and C)

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The relative poverty line defines poverty:


A) in relation to the income of the rest of the population.
B) based on the expenditure on food relative to total income.
C) as the price of basic food,clothing,shelter and utilities,and adjusts for geographic differences in the cost of living.
D) None of these is true.

E) B) and D)
F) A) and B)

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