People are willing to invest in human capital because a. the demand for skilled labor is higher than for unskilled labor. b. it increases the marginal product of their labor. c. firms are willing to pay more for more productive workers. d. All of the above are correct.

Question

Molly Holloway

Social Studies

14 November, 17:03

People are willing to invest in human capital because a. the demand for skilled labor is higher than for unskilled labor. b. it increases the marginal product of their labor. c. firms are willing to pay more for more productive workers. d. All of the above are correct.

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Answers (1)

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Jagger Holder · Answer 1

B

Explanation:

Human capital development refers to the way a company or firm trains its staff so as to improve professionalism, work experience and yield improved income into the firm.