Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Who included the concept of human capital in the definition of capital?
Who included the concept of human capital in the definition of capital?
- Adam Smith (correct)
- Arthur Cecil Pigou
- Irving Fisher
- John Maynard Keynes
What does human capital encompass?
What does human capital encompass?
- Employee experience, personal interests, physical strength, and creativity
- Employee social media presence, hobbies, language proficiency, and personality traits
- Employee knowledge, skills, know-how, good health, and education (correct)
- Employee age, gender, nationality, and income
What type of investments can companies make in human capital?
What type of investments can companies make in human capital?
- Education and training, improving levels of quality and production (correct)
- Legal services, insurance policies, employee benefits
- Stock investments, real estate purchases, financial derivatives
- Advertising and marketing, expanding office space, buying new equipment
Which economist may have used the term 'human capital' first?
Which economist may have used the term 'human capital' first?
Signup and view all the answers
According to Arthur Cecil Pigou, what can be invested in besides material capital?
According to Arthur Cecil Pigou, what can be invested in besides material capital?
Signup and view all the answers
