Question

Which of the following statements about the investment in human capital is correct?

A) Investing in education has no impact on economic success.

B) Human capital refers to physical assets owned by individuals.

C) Continuous learning and skill development contribute to economic growth.

D) Human capital is a fixed and unchangeable factor in the production process.

Answer 1

Investing in education and continuous learning and skill development contribute to economic growth.

Step-by-step explanation:

Investing in education has a significant impact on economic success. A highly educated and skilled workforce contributes to higher rates of economic growth. Continuous learning and skill development are essential for economic growth as workers with higher levels of education and skills are often better at coming up with new technological innovations and contribute to productivity and growth. Therefore, the correct statement about the investment in human capital is C) Continuous learning and skill development contribute to economic growth.