What would be considered an investment in human capital
A)education
B)a teacher's blackboard
C)the purchase of a new computer to enhance labour productivity
D)the purchase of a new suit for job interviews

Question

Quizplus · Accepted Answer

Education is considered an investment in human capital as it is a long-term investment in a person's skills, knowledge, and abilities, which can lead to improved productivity and increased earnings potential over time.

Answer: C 
 The purchase of a new computer to enhance labor productivity is also an investment in human capital as it allows the worker to improve their skills and efficiency, which can ultimately result in improved productivity and increased earnings potential.

Answer: D 
 The purchase of a new suit for job interviews is not considered an investment in human capital as it does not directly improve a person's skills or productivity. However, it may indirectly improve their chances of obtaining a job, which could lead to higher earnings potential in the future.

What Would Be Considered an Investment in Human Capital