Human capital is a term that characterizes:
A) the number of workers in a company who are productive.
B) firms that sell their products to customers directly.
C) individuals who buy skills from the companies the work for.
D) individuals with a set of skills that they rent to employers.

Question

Quizplus · Accepted Answer

Human capital refers to the set of skills, knowledge, and abilities possessed by an individual that can be used in a productive way in the workforce. This definition aligns with option D, which describes individuals with a set of skills that they rent to employers. Option A only considers the number of workers who are productive, while option B refers to firms that sell their products directly to customers. Option C suggests that individuals buy skills from their employers, which is not an accurate representation of human capital.

Human Capital Is a Term That Characterizes