Human capital is
A)a stock of equipment and structures.
B)the result of investments workers make in themselves such as education.
C)a difference in wages that arises to offset the nonmonetary characteristics of different jobs.
D)a characteristic that affects a worker's self-esteem but not her wages.

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, experience, and other attributes that individuals possess and can use to produce economic value. These attributes are the result of investments workers make in themselves, such as education, training, and on-the-job experience. Therefore, Option B is correct.

Human Capital Is