When economists refer to human capital, they refer to:
A) income earned by capitalists.
B) skills used in production.
C) dividends earned by investors.
D) bonds held by the public.
E) bank loans given to the public.

Question

Quizplus · Accepted Answer

Human capital refers to the skills and knowledge that individuals acquire through education and training, which are used in the production of goods and services. It is an important type of capital that can enhance productivity and economic growth.

When Economists Refer to Human Capital, They Refer To