The development of human capital
A) is a form of investment.
B) does not appear to enhance economic growth.
C) enhances economic growth, but it does not improve the productivity of the labor force.
D) enhances economic growth, but the individuals acquiring the capital are not made better off themselves.

Question

Quizplus · Accepted Answer

The development of human capital is seen as a form of investment as it involves resources being allocated towards individuals to improve their skills, knowledge, and abilities. This investment can lead to increased productivity, innovation, and competitiveness, which can ultimately enhance economic growth. Additionally, individuals who receive human capital development are likely to benefit from increased wages, better job opportunities, and improved quality of life.

The Development of Human Capital