Responses
Improvements to human capital leads to improvements in productivity and improvements in standard of living.
Improvements to human capital leads to improvements in productivity and improvements in standard of living.
Improvements to human capital leads to improvements in standard of living, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in standard of living, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in the welfare of consumers, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in the welfare of consumers, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in technology, but not generally to improvements in productivity.
1 answer
The correct response is:
Improvements to human capital leads to improvements in productivity and improvements in standard of living.
Investing in human capital, such as education and training, typically enhances the skills and capabilities of the workforce, which in turn increases productivity. This boost in productivity can lead to higher economic output, better job performance, and ultimately an improved standard of living for individuals and communities.
