Considering the available options, the one way that businesses can improve the labor productivity of their workforce through human capital is "by purchasing new and faster equipment."
This is because by purchasing new and faster equipment, labor can work faster with more efficiency.
This is based on the idea new and faster equipment makes work easier; thereby, the productivity per time would increase compared to old and slower equipment being used for production.
Hence, in this case, it is concluded that the correct answer is option B. "by purchasing new and faster equipment."
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Answer:
D) by offering coverage for mental health
Explanation:
Human capital is the knowledge and skills a worker obtains as a result of education and experience.
If the business were to hire more workers, this would be increasing their productivity through labor, not through human capital. Because the question asks for how the business can increase their productivity through human capital and not through a factor of labor, answer choices A and C can be eliminated.
Physical capital is man-made equipment that is used to assist in the process of producing goods and services. Answer choice B corresponds to this because it talks about purchasing and using more efficient equipment. Though this can help to increase the productivity of the business, it doesn't satisfy the question either because it is asking about how the business can increase productivity through human capital, not through investing in better physical capital.
Finally, we are left with answer choice D. If the business were to provide its workers with the incentive of offering mental health coverage, the workers might become more motivated to work for the business, increasing their efforts which in turn can lead to increased productivity for the business. This would be the only answer choice that correlates to the question because offering coverage for mental health can ensure that workers are at their full potential for offering their skills in the business.
Hope this helps!
