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.   Human Capital
D.   None of these
Question #2
Human resources are divided into how many categories?
A.   1
B.   3
C.   4
D.   2
Question #3
Demography refers to what?
A.   None of these
B.   The yearly number of births per 1,000 women of childbearing age
C.   The study of the characteristics of human populations.
D.   The number of people who die per 1,000
Question #4
Fertility 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 these
Question #5
Mortality rate refers to what?
A.   The number of people who die per 1,000
B.   The study of the characteristics of human populations
C.   The yearly number of births per 1,000 women of childbearing age
D.   None of the above
Question #6
Why do we study demographic trends?
A.   None of these
B.   Both of these
C.   Demographic shifts lead to no changes in the economy
D.   Demographic changes result in changes in the demand of goods in services and thus changes in the economic activity.
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.   Virginia: - Bachelor’s degree or higher: 35.1% - Median household income: $61,882 (7th highest) - Pct. below poverty level: 11.5% (tied-8th lowest)
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.   West Virginia: -Bachelor’s degree or higher: 18.5% -Median household income: $38,482 (2nd lowest) -Pct. below poverty level: 18.6% (10th highest)
Question #8
Poverty is the state of being poor and the inability to provide for basic needs on consistent basis.
A.   False
B.   True
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.   True
B.   False
Question #10
All investments in human capital are the same.
A.   False
B.   True

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