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Which of the following illustrates an increase in human capital?(1 point)
An applied mathematician develops an algorithm that makes supply chains more efficient.
A graphic designer attends a week-long seminar and learns advanced skills she can apply to her work.
A factory manager purchases additional machinery to automate many of the tasks her employees are currently performing.
An engineer designs a new tool that cuts production costs in half across several industries.
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A graphic designer attends a week-long seminar and learns advanced skills she can apply to her work.
Explanation: human capital is the skills, knowledge, and experience of people. The seminar is an investment in the designer’s skills. The other options describe technological or physical-capital improvements.
Explanation: human capital is the skills, knowledge, and experience of people. The seminar is an investment in the designer’s skills. The other options describe technological or physical-capital improvements.
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