When workers are able to augment their stock of human capital, they can expect to:

Question

Quizplus · Accepted Answer

Augmenting one's stock of human capital means they are increasing their skills, knowledge, and abilities, which in turn increases the value of their marginal product of labor. Since higher skilled workers can produce more output per hour, they become more productive and valuable to employers. This increased productivity allows them to demand higher wages, which reflects the increased value they bring to their employers. Therefore, choice C is the most appropriate answer.

When Workers Are Able to Augment Their Stock of Human