Investments in Human Capital Quick Check 3 of 53 of 5 Items Question Which option is an example of human capital?(1 point) Responses the computer used by a consulting firm the computer used by a consulting firm the truck used by delivery people the truck used by delivery people an electrician's knowledge and training an electrician's knowledge and training the vacuum cleaner for a janitorial services company
an electrician's knowledge and training
The correct option that represents an example of human capital is "an electrician's knowledge and training."
To arrive at this answer, you need to understand the concept of human capital. Human capital refers to the knowledge, skills, and expertise that individuals possess and can use to contribute to economic productivity. It is essentially an individual's investment in themselves through education, training, and experience.
When assessing the options provided, you can eliminate the choices that do not involve human knowledge or skills. The computers used by a consulting firm and the truck used by delivery people are examples of physical capital, not human capital. They are tools or equipment that aid in productivity but do not represent the skills or knowledge of an individual.
On the other hand, "an electrician's knowledge and training" represents human capital. An electrician's expertise and training enable them to perform electrical work effectively. Their knowledge and skills contribute to their economic productivity.
Therefore, the correct answer is "an electrician's knowledge and training."