A Key Difference Between Human Capital and Technology Is That

question 37

Multiple Choice

A key difference between human capital and technology is that ________.

• A)human capital is excludable
• B)human capital is nonrival
• C)scarce resources are used in the production of human capital
• D)technology is an input in the production of new technology

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Definitions:

Probability

A measure of the likelihood that an event will occur, quantified between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Null Hypothesis

A type of hypothesis used in statistics that suggests there is no significant difference or effect in a particular condition, serving as a default position until evidence suggests otherwise.

P < .05

A statistical threshold indicating that the probability of observing the obtained result, or more extreme, if the null hypothesis is true, is less than 5%.

T-test

A statistical test used to compare the means of two groups or test a single mean against a known value.