What is true about human capital?(1 point)

Question

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 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 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.

Answer 1

The correct statement is:

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

Investing in human capital, such as through education and training, enhances skills and knowledge, which in turn boosts productivity and can lead to a higher standard of living.