Human capital refers to the accumulated skills and training that workers have. O the money people have. O the machines that workers have to work with. O the wealth people have.
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- Question :The investment function would shift to the left by: a- any event that raisesthe purchase price of capital b- any event that raises the marginal product of capital c- an natural disaster that destroys a major part of capital stock while leaving the labour supply intact d- a technological innovation e- any event that raises the marginal product of labourWhich type of income is composed of both the labour income and capital income of those person who provide both labour and capital services One word31. Which of the following happens when the country's labour is more productive? a.A decrease in total factor productivity b.An increase in real wage c.An increase in real production d.A decrease in factor income
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