Which of the following is an example of human capital?
A)Machines built by people.
B)Formal education acquired in schools.
C)On-the-job training.
D)Both b and c are correct.

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, and experience possessed by individuals that can be used to produce value. Both formal education acquired in schools (option B) and on-the-job training (option C) contribute to a person's human capital. Machines built by people (option A) do not fall under the definition of human capital.

Which of the Following Is an Example of Human Capital