An expenditure on education and training that improves the skills and therefore the productivity of workers is:
A) an efficiency wage.
B) a compensating difference.
C) a pay-for-performance plan.
D) an investment in human capital.

Question

Quizplus · Accepted Answer

An expenditure on education and training that improves the skills and productivity of workers is an investment in human capital. This investment is expected to yield higher returns in the future through increased productivity and competitiveness. It is a long-term strategy to increase the potential of an individual, organization, or country to achieve economic growth and development.

An Expenditure on Education and Training That Improves the Skills