Human Capital and Labor Economics Quiz

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What is one of the three factors of production?

Human capital

Which of the following is a measure of the work done by human beings?

Human capital

What is the economic value derived from the actual application of knowledge, collaboration, and process-engagement called?

Wage rate

What does human capital refer to?

<p>People's skills and abilities</p> Signup and view all the answers

What is a contract between an employer and an employee called?

<p>Employment contract</p> Signup and view all the answers

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