A person's stock of skills to produce economic value is referred ...

[skymedlock]

A person's stock of skills to produce economic value is referred to as:
 
  A) fixed capital.
  B) human capital.
  C) personal wealth.
  D) personal capital.

Question 2

If households were to switch production away from an equal division of chores
 
  (e.g., doing dishes, mowing the lawn, etc.) to a system based on specialization and trade, the efficiency of household production would probably ________ and leisure time would probably ________.
  A) decrease; decrease
  B) decrease; increase
  C) increase; increase
  D) increase; decrease

[Sophiapenny]

Answer to Question 1

B

Answer to Question 2

C

[skymedlock]

TYSM

[alexanderhamilton]

Excellent