Human capital is the term economists use to refer to the knowledge and skills that workers acquire through education, training, and experience

Discuss the relationship between poverty, growth and the environment

What will be an ideal response?

The key distinction between risk and uncertainty is

a. Risk cannot be quantified, priced or traded b. Uncertainty refers to not knowing possible outcomes or their probabilities c. Uncertainty is modeled by listing the possible outcomes and assigning probabilities to the outcomes d. Risk has to do with not knowing the probability distribution of a random variable