Question

How does human capital differ from physical capital? (1 point)

Human capital is the knowledge and skill to create a product, and physical
capital describes the tools necessary to create a product.

Human capital is the energy put forth to make a product, and physical capital
describes natural resources from the land.

Human capital is the knowledge and skill to create a product, and physical
capital describes natural resources from the land.

Human capital is the energy put forth to make a product, and physical capital
describes the tools necessary to create a product.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Human capital is the knowledge and skill to create a product, while physical capital refers to the tangible assets such as tools, machinery, and equipment used in the production process.