Choose correct pair.
| Column 1 | Column 2 |
| i. Human Capital | a. Engineer |
| ii. Physical capital | b. Student |
| iii. Physical resource | c. Land |
| iv. Human resource | d. Factory |
Answer & explanation
Correct answer: option 3
The correct answer is Option 3: i-a, ii-d, iii-c, iv-b
| Column 1 | Column 2 |
| i. Human Capital | a. Engineer |
| ii. Physical capital | d. Factory |
| iii. Physical resource | c. Land |
| iv. Human resource | b. Student |
Resource is converted into capital. By investment in a physical resource like land, it can be converted into physical capital. Human resource like a student, upon education and training, can be converted into human capital like a doctor or an engineer.