The key features of the Human Capital Theory are:

(a) It is the physical capital stock.

(b) It is the human capital stock.

(c) When people become more educated, they become more productive.

(d) It measures the cost and benefit analysis of human capital.

(e) The human capital theory believes that people are willing to invest in education.

Choose the correct answer from the options given below:

1
(a), (b), and (c)
2
(c), (d), and (e)
3
(b), (c), and (e)
4
(b), (c), and (d)

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