Human Capital Includes

question 78

Multiple Choice

Human capital includes

• A) physical capital.
• B) labor.
• C) the improvements to labor capabilities from training, education, and apprenticeship programs.
• D) pension plans that enable early retirement.

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Definitions:

Government Intervention

The involvement by government in the market, often to correct market failures or achieve a social goal.

Unemployment Rate

The proportion of the workforce that is unemployed and actively seeking work.

Labor Force

The total number of people, including both the employed and unemployed, who are actively seeking employment.

Adult Population

The segment of the population that is considered adult, typically based on a specific age range, often used in demographics and employment statistics.