1.Which of the following is considered human capital? Knowledge acquired from

a.early childhood education programs

b.job training

c.on-the-job experience

d.All of the above are correct.

2.An understanding of the best ways to produce goods and services is called

a.human capital.

b.physical capital.

c.technology.

d.productivity.

3.In the equation for the production functionY/Lrepresents

a.productivity.

b.output.

c.the availability of natural resources.

d.the amount of human capital.