Human capital ________ as you work. As a result, the ________ of goods and services ________.

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, and abilities that a person has. As a person works, they gain more experience and develop their skills, which increases their human capital. This increase in human capital often leads to an increase in productivity, allowing more goods and services to be produced (quantity). However, the quality of goods and services will also likely increase as a result of higher skilled and experienced workers (hence why choice A is incorrect). Therefore, the best choice is B.

Human Capital ________ as You Work