“People want to know the level of salaries associated with various types of jobs.” Which source of human capital formation is being talked about?

Information

The correct answer is option 3: Information

People spend to acquire information relating to the labour market and other markets like education and health. For example, people wanting to know the level of salaries associated with various types of jobs is a spending on acquiring information about labour market. Knowing the level of salaries associated with various types of jobs helps individuals make informed decisions about their career paths and investments in their own education and training.