What Is Meant by the Term Human Capital

question 141

Multiple Choice

What is meant by the term human capital?

• A)The sum of all assets owned by people.
• B)The accumulated skills and knowledge of human beings.
• C)The average age of those engaged in formal education.
• D)The amount of physical capital that each worker has to work with.

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Definitions:

Third Party

A political party that operates in addition to the two major parties in a two-party system, often campaigning on niche or alternative policies.

Grover Cleveland

The 22nd and 24th President of the United States who is known for his integrity, commitment to reform, and opposition to the spoils system in government.

Protestants

Followers of Protestantism, a branch of Christianity that originated with the Reformation, characterized by rejection of the authority of the Pope and emphasis on the Bible.

Irish Catholics

refers to members of the Catholic Church who are ethnically Irish, a group that historically faced discrimination and played significant roles in the cultural and political life of countries like the United States.