finance / economics

Question 5 (4 points) 5) Home health aides care for disabled or elderly people by assisting in their daily living activities. If the demand for home health aides increases due to the aging US population and the supply of home health aides increases by the same amount, what happens to the wages and number of home health aides employed? OA) Wages increase, and the number employed remain the same. B) Wages decrease, and the number employed remain the same. C) Wages remain the same, and the number employed increases. D) Wages remain the same, and the number employed decreases. Question 13 (4 points) Saved 13) The variation in the rate of return one can expect from ownership of stocks will generally be smaller A) if all of the funds are invested in a specific sector of the economy such as health care. B) if a diverse set of stocks is held over a lengthy period of time, such as 30 or 40 years. OC) if all of the funds are invested in a single stock. OD) if the funds are invested for a relatively short period of time. Question 16 (4 points) Saved 16) A person is __________ if they avoid risk unless they get something in return. A) risk seeking B) risk averse C) risk neutral D) irrational Question 1 (4 points) Saved 1) Increasing your level of human capital will A) reduce your productivity and income. B) not include any tradeoffs. C) only be achieved through formal education. D) None of the above are correct. Question 2 (4 points) Saved 2) Leroy has worked for 30 years at a Ford automobile factory in Detroit. Each day he performs the same basic tasks involved with getting the front doors on each vehicle. Leroy would be classified as a and his job is A) routine manual worker, at least somewhat safe from automation B) routine manual worker, in danger from automation C) nonroutine manual worker; at least somewhat safe from automation D) nonroutine manual worker; in danger from automation