What is true about human capital?(1 point)

Question

Responses

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 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 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.

Investments in human capital, such as education, training, and health, typically enhance individuals' skills and productivity, which, in turn, can lead to higher levels of output, economic growth, and improved living standards.