Increases in human capital can come

Question

Quizplus · Accepted Answer

Human capital refers to the skills, knowledge, experience, and education possessed by an individual that enhances their ability to perform tasks effectively. Increases in human capital can come from both formal education (formal schooling) and on-the-job learning (on-the-job experience). Therefore, choice D is the best answer. Choice A is incorrect because human capital can increase from on-the-job learning as well as formal schooling. Choice B is incorrect because employing more machinery does not directly increase human capital. Choice C is incorrect because human capital can increase from both formal education and on-the-job learning. Choice E is incorrect because human capital can be developed and improved over time through education and experience.

Increases in Human Capital Can Come