Question

determine which of the following is an example of human capital: a the equipment used by a doctor to treat a patient b the machinery used to weave cloth c the salary paid to an accountant d a taxi drivers knowledge of city streets

Explanation:

Human capital refers to the knowledge, skills, and abilities that individuals possess, which contribute to productive capacity. Options A and B are physical capital (tangible equipment/machinery), while option C is a compensation payment, not capital. Option D is a skill/knowledge held by an individual, fitting the definition of human capital.

Answer:

D. A taxi driver's knowledge of city streets