Which of the following is considered human capital?
A)the ingredients a chef uses to prepare meals
B)the pots and pans and other tools a chef uses to prepare meals
C)the financial capital a chef uses to start his own restaurant
D)the skills a chef learns when attending a class about cake decorating

Question

Quizplus · Accepted Answer

Human capital is the knowledge, skills, and abilities that individuals acquire through education, training, and experience. The skills a chef learns when attending a class about cake decorating is an example of human capital. The ingredients (A) and the pots and pans (B) are physical capital, while the financial capital (C) is monetary resources that are used to invest in physical or human capital.

Which of the Following Is Considered Human Capital