Investment in both human and physical capital has opportunity costs.

Name: Investment in both human and physical capital has opportunity costs.
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Question

Quizplus · Accepted Answer

Opportunity cost refers to the cost of choosing one option over another. When an individual or organization invests in human or physical capital, they must give up the opportunity to invest in other areas. This represents the opportunity cost of their investment. Therefore, investment in both human and physical capital has opportunity costs.

Investment in Both Human and Physical Capital Has Opportunity Costs