Human capital is:
A) the set of acquired skills and abilities that workers bring to the production of goods and services.
B) the financial wealth the economy has available to produce goods and services.
C) the ability to produce one of two goods at relatively lower cost.
D) a factor of production only if it occurs naturally.

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, and abilities that workers possess and can use to produce goods and services. It is the accumulated stock of productive knowledge and skills that are transferable across different tasks and jobs. This includes formal education, training, experience, and personal characteristics like creativity, adaptability, and leadership.

Human Capital Is