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 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.
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.

Answer 1

The correct response is:

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

This statement reflects the understanding that investing in education, skills, and health of the workforce can enhance individual productivity, which in turn contributes to overall economic growth and higher standards of living.