Human capital:
A)consists of man-made resources such as buildings and machines.
B)is the improvement in labor produced by education and knowledge that is embodied in the workforce.
C)has become less important because of the progress in technology.
D)is the improvement in labor produced by education,which has become less important because of the progress in technology.

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, and abilities possessed by individuals in the workforce that improve their productivity and contribute to economic growth. It is not related to man-made resources such as buildings and machines. While technology has advanced, the importance of human capital has not diminished as it remains a critical factor in economic development.

Human Capital