The set of acquired skills and abilities that workers bring to the production of goods and services is:
A) money.
B) wealth.
C) human capital.
D) natural ability.

Question

Quizplus · Accepted Answer

Human capital refers to the skills, knowledge, and abilities that workers acquire through education, training, and experience. It is an important factor in the production process, as it allows workers to be more productive and efficient, leading to increased output and economic growth. Money and wealth are not the same as human capital, as they refer to financial resources and assets. Natural ability may contribute to human capital, but it is not the same as acquired skills and abilities.

The Set of Acquired Skills and Abilities That Workers Bring