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7 May, 09:46

Human capital:

a. is the same as the quantity of labor.

b. is an input in the production of goods and services.

c. is more tangible than physical capital.

d. can be thought of, metaphorically, as the quality of society's textbooks, whereas technological knowledge can be thought of as the time that the population has devoted to reading textbooks.

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  1. 7 May, 11:39
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    this is the knowledge, skills added to labor to promote production
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