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Jim was a mechanic.One day when he attempted to weld a car's gasoline tank,it exploded and he was hurt.He filed to collect workers' compensation.His employer resisted on grounds that Jim had been negligent and had also violated the express regulations of the company when he attempted to weld a gasoline tank.Which statement is correct?
Human Capital
Competencies, wisdom, and learning acquired by an individual or collective, evaluated for their financial or beneficial impact on an enterprise or sovereign state.
Compensating Differential
Additional income or benefits offered to employees to offset the unpleasant aspects or higher risks of a particular job.
Transfer Payments
Payments made by the government to individuals without any expectation of goods or services in return, such as welfare or social security.
Redistribution Programs
Government policies designed to redistribute income and wealth from wealthier segments of society to poorer ones, often through taxation, welfare, and public services.
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