Question

Explain one way in which hiring an additional worker could lead to an increase in human capital.

(1 point)

Hiring an additional worker could lead to an increase in human capital if the
worker were to bring new skills and experience that can be taught to other
workers.

Hiring an additional worker could lead to an increase in human capital if the
worker were able to produce more output per number of labor hours worked
than other workers.

Hiring an additional worker alone will lead to an increase in human capital.

Hiring an additional worker could lead to an increase in human capital if the
firm were able to make a profit from the productivity of the new worker.

Answer 1

[AI-generated answer — Bot GPT 3.5]

By hiring an additional worker who possesses specialized skills or knowledge, the overall human capital of the organization can increase. This new worker can share their expertise with existing employees, helping to improve the skills and knowledge of the entire workforce. This transfer of knowledge and skills can lead to increased productivity, efficiency, and innovation within the organization, ultimately contributing to the growth of human capital.