Author Question: What are the sources of human capital? What will be an ideal ... (Read 54 times)

kshipps · **on:** Jun 29, 2018

What are the sources of human capital?

What will be an ideal response?

Question 2

Once you find the opportunity cost of producing one unit of a good, to find the opportunity cost of producing the other good, you must

A) take the inverse.
B) do nothing because the opportunity cost for the first good is the same as the opportunity cost for the second good.
C) multiply by the total amount produced of the second good.
D) divide by the total amount produced of the second good.
E) None of the answers is correct.

ynlevi · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

Human capital, the accumulated skills and knowledge people possess, comes from both formal education and training, and from on-the-job experience. On-the-job experience creates learning by doing, in which workers become more knowledgeable about the best way to accomplish a task as they do the task.

Answer to Question 2

A