The knowledge and skill that make for a productive worker are referred to by economists as:
A)human capital.
B)increasing returns.
C)resource allocation.
D)simultaneous consumption.

Question

Quizplus · Accepted Answer

The term "human capital" refers to the education, skills, and abilities of a worker that make them productive and valuable to an employer. This knowledge and skill can be seen as an investment in the worker's future productivity, similar to investments in physical capital such as machinery and equipment.

The Knowledge and Skill That Make for a Productive Worker