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Question

Which of the following is not a significant factor in human capital formation?

A
Education
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B
Medical care
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C
Natural resources
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D
Training
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Solution

The correct option is C Natural resources
When investment in human resources is done through education, training, and medical care, it enhances the abilities and skills of people. It yields a return in the form of higher income and higher productivity. This is called human capital formation.

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