Capital can be differentiated between physical capital and human capital. Human capital is A. the new developments in machinery and software. B. the knowledge and skills workers acquire from education and training or from their life experiences C. the goods manufactured to produce other goods and services. D. the energy use to bring together the factors of production to produce goods and services. Which of the following is the best example of human capital? A. a manager devotes more spending to research and development B. a worker pays less taxes C. a worker gets a college degree D. a manager buys workers more personal computers

Question

Jayden

Business

5 October, 19:30

Capital can be differentiated between physical capital and human capital. Human capital is A. the new developments in machinery and software. B. the knowledge and skills workers acquire from education and training or from their life experiences C. the goods manufactured to produce other goods and services. D. the energy use to bring together the factors of production to produce goods and services. Which of the following is the best example of human capital? A. a manager devotes more spending to research and development B. a worker pays less taxes C. a worker gets a college degree D. a manager buys workers more personal computers

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Stephen Mcdonald · Answer 1

B. the knowledge and skills workers acquire from education and training or from their life experiences.

C. a worker gets a college degree.

Explanation:

Human capital refers to the knowledge and skills that workers have. This is considered a type of capital because it is an important asset for the employer. Workers acquire these skills through education (such as a college degree), as well as training and life experiences. Employers who value human capital tend to invest in their employees and their professional development.