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CAIE A-Level Economics AS 1.3.2 Human Vs Physical Capital Questions

Practise distinguishing human capital—education, training, knowledge and skills—from physical capital such as machinery and buildings using CAIE Economics AS questions.

Syllabus
2026–2028
Course
Economics 9708
Level
AS

Exam points

  • Distinguish human capital from physical capital, recognising that education, training, knowledge and skills increase worker productivity while physical capital consists of produced assets used in production.

CAIE A-Level Economics AS 1.3.2 Human Vs Physical Capital Questions question 1

[Maximum number: 1]

Which term assumes the existence of 'qualities, knowledge and skills' that allow an individual to be more productive?

A

enterprise investment

B

human capital

C

mechanisation

D

specialisation

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