Suppose that employment processes change so that more human capital is required for a given task. The _____ for human capital will shift right, and the rate of return will _____.

Question

Quizplus · Accepted Answer

When more human capital is required for a given task, employers are willing to pay more for skilled workers, increasing the demand for human capital. This increased demand typically leads to a higher rate of return on human capital as employers compete for skilled workers.

Suppose That Employment Processes Change So That More Human Capital