Which of the Following Statements Regarding Human Capital Is INCORRECT

question 355

Multiple Choice

Which of the following statements regarding human capital is INCORRECT?

• A) The accumulation of human capital is the source of both increased productivity and technological advance.
• B) Education is the only vehicle for the creation of human capital because training simply reinforces what has already been learned.
• C) Writing and mathematics, the most basic of human skills, are crucial elements in economic progress.
• D) Human capital is the accumulated skill and knowledge of human beings.

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Definitions:

Securities Act of 1933

is a U.S. law enacted to protect investors by requiring transparency in the financial statements of publicly traded companies.

Wall Street

A street in Lower Manhattan that is the original home of the New York Stock Exchange and represents the financial and investment community in the United States.

Financial Assets

Economic resources or investments owned with the expectation that they will provide future income or will increase in value, such as stocks, bonds, or real estate.

Public Works Administration

Part of the New Deal in the 1930s, a large-scale public works construction agency in the United States that built public buildings, projects, and infrastructure to provide jobs and stimulate the economy.