The Set of Skills,knowledge,experience,and Talent That Determine the Productivity of Workers

question 15

Multiple Choice

The set of skills,knowledge,experience,and talent that determine the productivity of workers is called:

• A) human capital.
• B) physical capital.
• C) capital per worker.
• D) worker per capita.

---

Definitions:

Cost Feasibility

An analysis to determine if the financial aspects of a project or plan are viable and sustainable.

Monetary Costs

The explicit costs associated with a transaction, investment, or activity, usually quantifiable in terms of money.

Cost Effectiveness Analysis

A method of evaluating the efficiency and economic impact of different options by comparing their costs and effects, commonly used in healthcare decisions.

Quality-Adjusted Life Years (QALY)

A measure used in health economics to assess the value of medical interventions, which considers both the quantity and quality of life gained.