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Questions and Answers
What does human capital refer to?
What does human capital refer to?
- The natural resources of a country
- The skills and knowledge of people (correct)
- The technological advancements in a country
- The physical infrastructure of a country
Which of the following is an example of physical capital?
Which of the following is an example of physical capital?
- Minerals and infrastructure
- Entrepreneurial skills
- Machines and buildings (correct)
- Land and water
What is entrepreneurship primarily focused on?
What is entrepreneurship primarily focused on?
- Utilizing natural resources
- Advances in technology
- Improving skills and knowledge
- Starting and running businesses (correct)
Which factor contributes to making processes faster and more effective?
Which factor contributes to making processes faster and more effective?
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What can countries with abundant natural resources use them for?
What can countries with abundant natural resources use them for?
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