human capital MCQs – Page 3

Practise focused human capital questions with marked answers for exam preparation and subject revision.

human capital Mcqs
41. The functional distribution of income shows how national income is divided between ?
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A. the population

B. the working population

C. the factors of production

D. employees

42. The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it
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A. increase; increase

B. increase; reduce

C. reduce; increase

D. reduce; reduce