Which of the following statements regarding human capital is incorrect?
A) The accumulation of human capital is the source of both increased labour productivity and technological advance.
B) Education is the only vehicle for the creation of human capital because training simply reinforces what has already been learned.
C) Human capital is the accumulated skill and knowledge of human beings.
D) Human capital is the fundamental source of labour productivity growth.
E) Writing and mathematics, the most basic of human skills, are crucial elements in economic progress.
Correct Answer:
Verified
Q61: Labour productivity rises when
A)the working- age population
Q62: If capital per worker increases, labour productivity
A)does
Q63: Which theory of economic growth argues that
Q64: The new growth theory holds that growth
Q65: If capital per worker decreases, real GDP
Q67: Factors that influence labour productivity include
A)physical capital,
Q68: _ is the accumulated skill and knowledge
Q69: In the classical growth theory, economic growth
Q70: Which theory of economic growth argues that
Q71: The key difference between the neoclassical growth
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