Which of the following is not an example of human capital?

• A. A factory worker's education and training
• B. A doctor's medical knowledge
• C. A company's delivery truck
• D. A software engineer's programming skills

Answer: (C)

Verified step by step guidance

1. Step 1: Understand the concept of human capital. Human capital refers to the skills, knowledge, experience, and attributes possessed by individuals that contribute to their productivity and economic value.
2. Step 2: Identify examples of human capital from the options. These include a factory worker's education and training, a doctor's medical knowledge, and a software engineer's programming skills, as all represent knowledge or skills acquired by people.
3. Step 3: Recognize that a company's delivery truck is a physical asset, not a skill or knowledge possessed by a person, and therefore does not qualify as human capital.
4. Step 4: Conclude that the delivery truck is an example of physical capital, which includes tangible assets used in production, distinguishing it from human capital.
5. Step 5: Summarize that human capital involves intangible qualities related to people, while physical capital involves tangible goods or equipment.