Human capital is acquired by education and job training;it is the source of a person's productivity and can be measured in terms of the return on the investment (wages)and the cost (schooling or training).

Question

Quizplus · Accepted Answer

Human capital refers to the skills, knowledge, and abilities that a person acquires through education and job training. It is a source of a person's productivity and can be measured by the return on the investment, such as wages earned, compared to the cost of acquiring the human capital, such as the cost of schooling or training. Therefore, the statement is true.

Human Capital Is Acquired by Education and Job Training;it Is