Going to college to get more knowledge and skills is considered to be an increase in

Question

Quizplus · Accepted Answer

Going to college to get more knowledge and skills is an investment in oneself, which enhances one's abilities and skills. This increase in skills and abilities is commonly known as human capital. Because it is an investment in oneself, it is different from consumption, which is the use of goods and services for personal satisfaction. Physical capital, on the other hand, refers to the tools, machines, and other equipment used to produce goods and services, while net exports refer to the difference between exports and imports. Therefore, the correct answer is C, human capital.

Going to College to Get More Knowledge and Skills Is