Human development differs from human capital in that it treats education and health as

useful only when they raise a worker's output and incomeCorrect answerYour answera waste of resources better spent on machinesCorrect answerYour answergoods that only the rich should buyCorrect answerYour answervaluable in themselves whatever they add to outputCorrect answerYour answer

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CorrectNot quiteAnswer D

Correct answer: D

Human capital sees education and health as means to more output.
Human development sees them as ends: being educated and healthy is part of a good life, whether or not it raises output.

Concept: Human development
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsGrowth and human development

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

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Human development differs from human capital in that it treats education and health as

Explanation