Question

When a society invests in education, how is it improving its productivity?

A) By investing in the future.
B) By investing in human capital.
C) By investing in capital goods.
D) By investing in entrepreneurship.

Answer 1

Answer: B) By investing in human capital.

Explanation: Investing in education improves productivity By investing in human capital. Human capital represents the skills that a population brings to work force. By investing in education, a society is improving those skills. A more skilled workforce is more productive.

Answer 2

When a society invests in education it improving its productivity by investing in human capital.

A nation that is educated is one that questions, reflects, generates a self-critical sense of life, but also investigates and innovates, so investing in education and science and technology is a way to improve productivity and competitiveness in an economy.

Currently the wealth of nations depends on the knowledge and skills of human capital as the main triggers of economic growth. A revolution in knowledge has been created, forces institutions to modify their educational programs and adapt to change.