Increased human capital is a source of
A) an increased labor force rate.
B) increased productivity.
C) decreased wages.
D) decreased output.

Question

Quizplus · Accepted Answer

Increased human capital - through education, training, and experience - typically leads to higher levels of productivity, as workers possess the skills, knowledge, and abilities necessary to perform their jobs more effectively and efficiently. This can result in higher output and potentially higher wages, as more productive workers tend to be in higher demand by employers.

Increased Human Capital Is a Source of