Test: Education & Career

What is automation:

How does automation affect the labor market:

For each of the following jobs, please indicate whether it has or is likely to be negatively affected by automation:

Note: There can be several correct answers to this question

Which industries have created more jobs in rich countries like the US or UK over the past 3 decades:

What does globalization mean:

Over the past decades, international trade as a percentage of output has:

What is the impact of globalization on job markets:

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Imagine an economy consisting of only 2 countries:  Bangladesh and Germany.  Indicate which of the following industries are more likely to be located in Bangladesh:

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Global supply chains are an important part of today’s economy. What does this mean:

The theory of comparative advantage implies that:

Some argue that globalization has gone too far and more production should be done within countries or closer to home.  What are the reasons for this?

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What is the definition of human capital:

Which of the following activities contributes to increasing your human capital:

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Is university education generally a good investment?

Student loans sometimes include a maintenance loan in addition to a tuition fee loan.  What is the purpose of the former?

Opportunity cost is an important concept in economics and finance.  Which of the following is an opportunity cost if you go to university:

Which of the following is an opportunity cost of taking a full-time job straight out of school:

Which of the following is true for student loans:

Note: There can be several correct answers to this question.

Which of the following in an important success factor in the labor market:

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What are the advantages of apprenticeships?

If the economy grows rapidly, what is the impact on wages?

You work as a salesperson.  If your employer offers to pay you 5% of all sales you generate, this is called:

Your company made a record profit last year and management decides to pay every employee 10% extra salary.  What is this called:

Many countries have laws or rules stipulating mininum wages.  What is their purpose:

If a carmaker builds a new plant in a town, what is the impact on local retail sales?

Which of the following types of work is likely to pay more:

Which of the following items are generally deducted from gross pay to arrive at the net salary of an employee:

Note: There can be several correct answers to this question

What are the advantages of the “gig” economy for workers:

Which of the following is an advantage of the gig economy for consumers:

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Which of the following are important side benefits of jobs:

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Which of the following are consequences of the trend towards short-term jobs:

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When does outsourcing mean:

Which types of jobs have become scarcer over the past decades:

What are zero-hour contracts in the UK?

Universal credit is a system created in the UK in 2012 to provide a single welfare payment replacing several “legacy” benefits.  Which of the following are part of the latter?

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What is earned income credit in the US?

Which of the following can be an advantage of starting your own business:

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Which of the following professions are likely to be in demand in future:

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Which of the following professions are likely to be in demand in future:

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