Human capital creates social benefits because

only the owner gains from itCorrect answerYour answerit can be sold to the highest bidder in the marketCorrect answerYour answeran educated person's knowledge also helps othersCorrect answerYour answerit raises the price of machinesCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

An educated mother keeps the family healthier; a trained farmer's method is copied by neighbours. These spill-overs benefit society.
The benefits of physical capital go mainly to its owner.

Concept: Social benefits
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsHuman and physical capital

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Ten questions from Human Capital Formation, at your own pace.

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Ten questions from Human Capital Formation, at your own pace.

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Human capital creates social benefits because

Explanation