Responses
A factory invests in a new procedure using the same equipment that allows it to create more products.
A factory invests in a new procedure using the same equipment that allows it to create more products.
A carpenter invests in a training course and learns how to make cabinets and drawers faster.
A carpenter invests in a training course and learns how to make cabinets and drawers faster.
A photographer invests in new software that allows him to edit his pictures faster and service more clients.
A photographer invests in new software that allows him to edit his pictures faster and service more clients.
A firm invests in a new 3D printer that makes parts three times faster than the old method.
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The example of investment in human capital is:
A carpenter invests in a training course and learns how to make cabinets and drawers faster.
This option focuses on improving the skills and knowledge of the individual (the carpenter), which is a key aspect of human capital investment. The other options primarily involve investments in physical capital or technology rather than enhancing individual skills.
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