Asked by Elizabeth Inyang on Jun 04, 2024
Verified
Keira is a farmer. Which of the following are included in her human capital?
A) Her seed drill and what she's learned from experience
B) Her seed drill but not what she's learned from experience
C) What she's learned from experience but not her seed drill
D) Neither her seed drill nor what she's learned from experience
Human Capital
The economic value of the skills, experience, and qualifications of an individual worker or group of workers.
Seed Drill
An agricultural tool that sows the seeds for crops by positioning them in the soil and burying them to the correct depth, ensuring that seeds are distributed evenly and at optimal depths.
Experience
The knowledge or mastery of an event or subject gained through involvement in or exposure to it.
- Differentiate between human capital and physical capital and their contribution to productivity.
Verified Answer
Learning Objectives
- Differentiate between human capital and physical capital and their contribution to productivity.
Related questions
Increases in Both Human Capital Per Worker and Physical Capital ...
One Reason That Governments May Find It Useful to Sponsor ...
Human Capital Refers to the Physical Tools and Equipment That ...
A Compensating Differential Is a Difference in Wages Due to ...
Why Do We Refer to Physical Capital as a Produced ...