A physician's knowledge and skills are referred to by economists as

Question

Quizplus · Accepted Answer

The term "human capital" refers to the knowledge and skills possessed by individuals, which can be invested in through education and training to enhance their productivity in the workforce. As physicians require significant education and training to acquire the necessary knowledge and skills for their profession, their expertise can be considered a form of human capital. The other answer choices (B, C, D, E) do not accurately represent a physician's knowledge and skills.

A Physician's Knowledge and Skills Are Referred to by Economists