Question

Question

What is true about human capital?(1 point)
Responses

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 technology, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in technology, 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 productivity and improvements in standard of living.
Improvements to human capital leads to improvements in productivity and improvements in standard of living.

Answer 1

The correct response is:

Improvements to human capital leads to improvements in productivity and improvements in standard of living.

This statement is true because investing in human capital—such as education, training, and health—generally enhances individuals' skills and capabilities, leading to increased productivity in the workforce. Consequently, this can lead to higher economic output, better job opportunities, and ultimately an improved standard of living for individuals and communities.