Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Which of the below statements is INCORRECT for "human capital"?
Group of answer choices
High levels of human capital creates a virtuous cycle; well-educated parents invest heavily in the human capital of their children.
Human capital is about much more than making more money. It makes us better parents, more informed voters, more appreciative of art and culture, and more able to make the most of life.
Human capital means educated, better trained, workers with sophisticated skills.
It is easier for machines to replace human capital than to replace unskilled labor.
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