Ralph is a plumber.Which of the following are included in his human capital?
A)the knowledge he learned on the job,and the tools he uses
B)the knowledge he learned on the job,but not the tools he uses
C)the tools he uses,but not the knowledge he learned on the job
D)neither the knowledge he learned on the job nor the tools he uses

Question

Quizplus · Accepted Answer

Human capital refers to the skills, knowledge, and experience possessed by an individual, which in Ralph's case includes the knowledge he learned on the job. Tools are considered physical capital, not human capital.

Ralph Is a Plumber