What Term Do Economists Use to Refer to Expenditures on Training

question 40

Multiple Choice

What term do economists use to refer to expenditures on training, education, and skill development designed to increase the productivity of an individual?

• A) overhead expenditures
• B) marginal revenue product
• C) investments in social capital
• D) investments in human capital

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Definitions:

Antennas

Electrical devices that convert electric power into radio waves, and vice versa, used for transmitting and receiving electromagnetic signals.

Computer Chips

Small electronic components made of semiconductor material, used in devices to perform computational or other functions.

Radio Signals

Electromagnetic waves used for transmitting data across distances without the use of wires, crucial for various forms of communication including television, radio, and mobile phones.

Audio Interface

Hardware used to connect audio equipment with a computer, facilitating recording, editing, and playback of sound.