The skills and knowledge possessed by workers are referred to as
a. labor capital
b. human technology
c. labor tools
d. labor technology
e. human capital
E
Economics
You might also like to view...
Which of the following is often described as the most powerful person in the U.S. economy?
A. The president of the United States. B. The Speaker of the House of Representatives. C. The chairman of the House Ways and Means Committee. D. The chairman of the Federal Reserve.
Economics
Differences in innate skills and the benefits associated with the division of labor result in
A) diminishing returns. B) self-sufficiency. C) absolute advantage. D) differences in productivity.
Economics