Technology and Economic Growth Quick Check

2 of 52 of 5 Items
Question
Which of the following illustrates an increase in human capital?(1 point)
Responses

A graphic designer attends a week-long seminar and learns advanced skills she can apply to her work.
A graphic designer attends a week-long seminar and learns advanced skills she can apply to her work.

An applied mathematician develops an algorithm that makes supply chains more efficient.
An applied mathematician develops an algorithm that makes supply chains more efficient.

A factory manager purchases additional machinery to automate many of the tasks her employees are currently performing.
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.
An engineer designs a new tool that cuts production costs in half across several industries.
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1 answer

The response that illustrates an increase in human capital is:

A graphic designer attends a week-long seminar and learns advanced skills she can apply to her work.

This option emphasizes the improvement of skills and knowledge of an individual, which is the essence of increasing human capital.

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