AP Microeconomics

Category - Microeconomics

________ is investment in people, like training and education.
  1. Compensating differentials
  2. Human capital
  3. Capital
  4. Productivity
Explanation
Answer - B - Human capital is investing in people, like training and education.

Key Takeaway: Human capital refers to businesses, organizations, or the government investing in people and their skills, typically by providing training and/or education. Usually, jobs pay more if they require more human capital. People differ in their opportunities and abilities to acquire human capital, leading to many different inequalities for income and other benefits.
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