Which of the following is a prediction of human capital theory?
A) Pay policies signal the kinds of behaviour an employer seeks from employees.
B) Higher wages improve efficiency by attracting workers who will perform better.
C) The value of an individual's skills and abilities is a function of the time and expense required to acquire them.
D) Jobs with negative characteristics require higher pay to attract workers.
E) Job seekers will not accept jobs when pay is below a certain wage.
Correct Answer:
Verified
Q16: Pay policies indicate the kinds of behaviour
Q17: Which of the following is an assumption
Q18: The additional output associated with the employment
Q19: The additional income generated when a firm
Q20: Human capital theory assumes that people are
Q22: Nature of demand and nature of supply
Q23: A policy to pay below market rates
Q24: The wage level below which an employee
Q25: Competition in the labour market for people
Q26: Pay level is the average of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents