Janet is a farmer. Which of the following are included in her human capital?

Question

a. What she's learned from experience but not her tractor
b. Her tractor but not what she's learned from experience
c. Neither her tractor nor what she's learned from experience
d. Her tractor and what she's learned from experience

Answer 1

The correct answer is: a. What she's learned from experience but not her tractor.

Human capital refers to the skills, knowledge, experience, and attributes that contribute to a person's ability to perform work and generate economic value. In this case, Janet's experience and knowledge as a farmer are part of her human capital, while her tractor is considered physical capital, not human capital.