The Economics of Human Capital Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Irving Fisher</p> Signup and view all the answers

    According to Arthur Cecil Pigou, what can be invested in besides material capital?

    <p>Human capital</p> Signup and view all the answers

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