Human capital is best defined as:
a. any piece of machinery that must be combined with labor to be productive.
b. the productive skills and knowledge that workers acquire from education and training.
c. the substitution of labor for machinery in the production process.
d. the exchange of money for real assets.
Human capital is best defined as:
a. any piece of machinery that must be combined with labor to be productive.
b. the productive skills and knowledge that workers acquire from education and training.
c. the substitution of labor for machinery in the production process.
d. the exchange of money for real assets.
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