ECONOMICS (CBSE/UGC NET)

ECONOMICS

SUPPLY

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

When an employer invests in human capital, which determinant of supply is being used to increase supply?

A	Technology
B	Gov’t Regulation
C	Cost of Inputs
D	Number of Producers
E	Education

Explanation:

Detailed explanation-1: -Determinants of Human Capital Higher education. Working intelligence. Technical and non-technical qualification. Capacity of judgment.

Detailed explanation-2: -Human capital theory emphasizes how education increases the productivity and efficiency of workers by increasing the level of cognitive stock of economically productive human capability, which is a product of innate abilities and investment in human beings.

Detailed explanation-3: -Human capital theory emphasises how education increases the. productivity and efficiency of workers by increasing the level of cognitive stock. of economically productive human capability, which is a product of innate. abilities and investment in human beings.

Detailed explanation-4: -i. Education. Education not only raises the standard and quality of living but also encourages modern attitudes of people. ii. Health. There is a saying “The greatest wealth is health”. iii. On-the-Job Training. iv. Migration. v. Information.

There is 1 question to complete.