Which of the following statements is correct?
A)Productivity is a determinant of human capital per worker.
B)Technological knowledge is a determinant of productivity.
C)Human capital and technological knowledge are the same thing.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Productivity is influenced by various factors, including human capital (education, training, experience, etc.) and technological knowledge (knowledge of technology and its application) among others. However, human capital and technological knowledge are not the same thing as human capital refers to the stock of knowledge, skills, and abilities that workers possess, while technological knowledge pertains to the knowledge of technology and its application to production. Therefore, statement A and C are incorrect.

Which of the Following Statements Is Correct