An increase in human capital will tend to cause which of the following?

Question

Quizplus · Accepted Answer

An increase in human capital, or the knowledge, skills, and abilities possessed by individuals, will lead to an increase in labor productivity as workers become more efficient and effective in their jobs. This increase in productivity will then lead to economic growth, as more outputs are produced with the same amount of inputs. The increase in economic growth, in turn, will improve the standard of living for individuals in the economy. Therefore, all of the choices listed are true.

An Increase in Human Capital Will Tend to Cause Which