Human Capital

question 172

Multiple Choice

Human capital:

• A)consists of man-made resources such as buildings and machines.
• B)is the improvement in labor produced by education and knowledge that is embodied in the workforce.
• C)has become less important because of the progress in technology.
• D)is the improvement in labor produced by education,which has become less important because of the progress in technology.

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Definitions:

Stratification

The division of society into levels, classes, or categories based on factors like wealth, power, prestige, or other resources.

Relative Deprivation

A condition or feeling experienced when a person or group believes they are worse off compared to some standard or to other groups.

CEO

Chief Executive Officer, the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

Federal Government

Defines a system of government where power is divided between a central authority and constituent political units (such as states or provinces).