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Classify each example as either relating to human capital, physical capital, or technology. Technology Human capital Physical capital Adult literacy increases company cars a doctors knowledge about a new cancer treatment The number of college graduaies increases More people graduate frorm culinary school a Dcw cancer treatment Answer Bank
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Answer #1

Human capital refers to the knowledge, skills, experiences, capabilities acquired by an individual inorder to the productivity. Here, it includes

- adult literacy rate

- a doctor's knowledge about a new cancer treatment

- more people graduate from cullinary school.

- the number of college graduates increases.

Physical capital refers to those inputs that contribute in the production process. It basically means the factors of production like land, building , machinery etc. Here, it includes

- company cars

- company computers.

Technology refers to research ,innovations and development. In other words, it means innovating something new. Here, it includes

- new distribution techniques

- a new cancer treatment

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