Human capital refers to the:
A. skills, experience, and natural talent that determine the productivity of workers.
B. amount of people a firm has access to for production.
C. production per capita.
D. the machinery and tools that labor can use for production.
A. skills, experience, and natural talent that determine the productivity of workers.
You might also like to view...
Explain how savings equals investment in a closed capitalist economy?
What will be an ideal response?
Wage inequality has been on the rise in virtually all high-income industrial economies since the 1970s. The causes are probably numerous, but the leading explanation for the greatest share of the increase in inequality is
A) the growth of trade with developing countries. B) the growth of trade with other high income industrial countries. C) technological change which increased the relative demand for skilled workers. D) technological change which increased the relative demand for unskilled workers. E) technological change which decreased the relative demand for skilled workers.