Human capital
A)can be thought of,metaphorically,as the quality of society's textbooks,whereas technological knowledge can be thought of as the time that the population has devoted to reading textbooks.
B)is more tangible than physical capital.
C)is an input in the production of goods and services.
D)is the same as the quantity of labor.

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, and abilities that individuals in a society possess and can use to contribute to the production of goods and services. Therefore, it is an input in production. Option A is incorrect because while human capital can be compared to textbooks, technological knowledge is not equivalent to the time spent reading textbooks. Option B is incorrect because physical capital is tangible, while human capital is not. Option D is incorrect because while human capital is related to labor, it is not the same thing as the quantity of labor.

Human Capital