When a person receives more education,his or her _____ has increased.When a firm buys a new copy machine,it has purchased _____.

Question

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When a person receives more education, their human capital has increased. Human capital refers to the knowledge, skills, and abilities that a person has, which can be developed through education and experience.

When a firm buys a new copy machine, they have purchased physical capital. Physical capital refers to the tools, machinery, equipment, and other resources that a firm uses to produce goods and services.

When a Person Receives More Education,his or Her _____ Has