What is meant by the term humancapital? O a. Those who must continually learn and use theoretical and analytical knowledge in their work. O b. The ideas and effort that are put into the production process by individuals. O c. The total number of people employed by a firm. O d. The quantity of labour employed through employment agencies.
What is meant by the term humancapital? O a. Those who must continually learn and use theoretical and analytical knowledge in their work. O b. The ideas and effort that are put into the production process by individuals. O c. The total number of people employed by a firm. O d. The quantity of labour employed through employment agencies.
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter19: Labor And Entrepreneurship: The Human Inputs
Section: Chapter Questions
Problem 4TY
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![What is meant by the term humancapital?
Those who must continually learn and use theoretical
and analytical knowledge in their work.
O b. The ideas and effort that are put into the production
process by individuals.
O c. The total number of people employed by a firm.
O d. The quantity of labour employed through
employment agencies.
The accumulation of all skills and knowledge acquired
by individuals.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fda2d0966-b607-4de5-a88e-80081a20ee22%2Ff0b7d259-8671-42b1-a46f-9d83bc59627c%2Fhqydip_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is meant by the term humancapital?
Those who must continually learn and use theoretical
and analytical knowledge in their work.
O b. The ideas and effort that are put into the production
process by individuals.
O c. The total number of people employed by a firm.
O d. The quantity of labour employed through
employment agencies.
The accumulation of all skills and knowledge acquired
by individuals.
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