Which of the following is an example of an increase in human capital?
A) a new machine that humans use to produce more wealth
B) an increase in wealth
C) a more educated labour force
D) finding new oil reserves

Question

Which of the following is an example of an increase in human capital?  
A) a new machine that humans use to produce more wealth 
B) an increase in wealth 
C) a more educated labour force 
D) finding new oil reserves

Quizplus · Accepted Answer

An increase in human capital refers to the development and improvement of the skills, knowledge, and abilities of the workforce. Option A refers to an increase in physical capital, not human capital. Option B is too general and could refer to many things, not necessarily an increase in human capital. Option D refers to an increase in natural resources, which is also not related to human capital. Option C, a more educated labour force, is a clear example of an increase in human capital as education is one of the main ways in which workers can develop and improve their skills and knowledge.

Which of the Following Is an Example of an Increase