Investment in Training Is Called

question 42

Multiple Choice

Investment in training is called:

• A)current consumption.
• B)human capital.
• C)future consumption.
• D)foregone income.

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Definitions:

Unionized Workers

Employees who are members of a union, which negotiates on their behalf for wages, benefits, and working conditions.

Player Strike

A work stoppage initiated by athletes or players to protest for better conditions, pay, or other contractual terms.

Elastic Demand

A condition where a significant fluctuation in the demand for a product occurs due to variances in its price.

High Tariffs

Elevated taxes imposed on imports or exports between sovereign states, typically used to protect domestic industries.