What is true about human capital?(1 point)

Question

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 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 the welfare of consumers, 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 idea that investing in human capital—such as education, training, and health—generally enhances individuals' skills and capabilities, which in turn boosts their productivity in the workforce. As productivity increases, it often leads to higher incomes and a better standard of living.