Which of the following statements about human capital is the most accurate?
A) It is the same as labour.
B) It is a term describing the tools and equipment owned by households.
C) It is a worker's physical effort when working with machines.
D) It is the expertise or knowledge possessed by workers.

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, and expertise possessed by workers. It includes not only formal education but also on-the-job training and experience. Human capital is important in modern economies where there is a shift towards knowledge-based industries.

Which of the Following Statements About Human Capital Is the Most