Question : Which type of capital is to be built up with higher incomes?
Option 1: Human capital
Option 2: Physical capital
Option 3: Both of the above
Option 4: None of the above
Correct Answer: Both of the above
Solution : Individual education spending allows for the development of human capital in that person. It boosts labor productivity and efficiency. That is why investing in education is just as effective as investing in physical capital. Hence option c is the correct answer.
Question : Which type of capital is completely mobile between countries?
Option 1: Human Capital
Option 2: Physical Capital
Option 3: Both are correct
Question : Which type of capital is considered the most crucial for sustained economic growth?
Option 1: Financial capital
Option 3: Natural capital
Option 4: Human capital
Question : Does human capital view health and education as ways to increase?
Option 1: Productivity
Option 2: Efficiency of labor
Question : Which of the following statement are true: Statement 1: Positive outlook is brought about by human capital formation. Statement 2: Human capital formation ensures a higher participation rate.
Option 1: Both are correct
Option 2: Both are incorrect
Option 3: Statement 1 correct statement 2 incorrect
Option 4: Statement 1 incorrect statement 2 correct
Question : Human capital refers to:
Option 1: Physical capital used in production
Option 2: Financial capital used in production
Option 3: Skills, knowledge, and education of the workforce
Option 4: Natural resources used in production
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