FCS 320 - Family Resource Management » Spring 2022 » Quiz 8 Chapter 8

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Question #1
Which of the following refers to the sum total of an individual’s human resource?
A.   Material Resources
B.   Financial Resources
C.   None of these
D.   Human Capital
Question #2
Human resources are divided into how many categories?
A.   3
B.   2
C.   1
D.   4
Question #3
Demography refers to what?
A.   The yearly number of births per 1,000 women of childbearing age
B.   The number of people who die per 1,000
C.   The study of the characteristics of human populations.
D.   None of these
Question #4
Fertility rate refers to what?
A.   The study of the characteristics of human populations
B.   None of these
C.   The yearly number of births per 1,000 women of childbearing age
D.   The number of people who die per 1,000
Question #5
Mortality rate refers to what?
A.   The study of the characteristics of human populations
B.   The yearly number of births per 1,000 women of childbearing age
C.   The number of people who die per 1,000
D.   None of the above
Question #6
Why do we study demographic trends?
A.   Both of these
B.   Demographic shifts lead to no changes in the economy
C.   Demographic changes result in changes in the demand of goods in services and thus changes in the economic activity.
D.   None of these
Question #7
Intel is interested in building a new factory. It will need highly skilled college educated workers. All else being equal, where will they most likely locate their new factory?
A.   West Virginia: -Bachelor’s degree or higher: 18.5% -Median household income: $38,482 (2nd lowest) -Pct. below poverty level: 18.6% (10th highest)
B.   Arkansas: - Bachelor’s degree or higher: 20.3% - Median household income: $38,758 (3rd lowest) - Pct. below poverty level: 19.5% (4th highest)
C.   Kentucky: - Bachelor’s degree or higher: 21.1% - Median household income: $41,141 (4th lowest) - Pct. below poverty level: 19.1% (5th highest)
D.   Virginia: - Bachelor’s degree or higher: 35.1% - Median household income: $61,882 (7th highest) - Pct. below poverty level: 11.5% (tied-8th lowest)
Question #8
Poverty is the state of being poor and the inability to provide for basic needs on consistent basis.
A.   True
B.   False
Question #9
Investing in a child’s human capital during their first five years of life produces the best rate of return for education dollars
A.   False
B.   True
Question #10
All investments in human capital are the same.
A.   False
B.   True

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