Which of the following statements is true about investments in general and specific human capital?
A) Firms invest in development of general human capital of their employees.
B) Employees invest in gaining specific human capital.
C) Investment in general human capital of its employees by a firm may turn into a sunk cost if the employee leaves the organization to join another after completing the relevant training.
D) When a firm invests in specific human capital of its employees, the employees become more attractive to other firms whose workplaces are operated and staffed differently.
Correct Answer:
Verified
Q16: Hourly wages solve the problem of monitoring
Q17: Employers tailor compensation packages to attract employees
Q18: Susan works 60 hours a week while
Q19: Labor and capital are often complements in
Q20: Over the long run, migration by workers
Q22: Which of the following is a cost
Q23: _ represents a firm's demand curve for
Q24: Identify the correct statement from the following.
A)Wages
Q25: Marginal product of labor is:
A)the extra output
Q26: A competitive firm hires workers as long
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