Which of the following statements regarding human capital investment at the tertiary level are true?
1. Peers, educators and society does not influence the decisions regarding human capital investments.
2. The human capital formation at this stage is dependent upon the already formed human capital.

Statement 2 is true and Statement 1 is false

The correct answer is Option 4: Statement 2 is true and Statement 1 is false

Statement 2 is true because human capital formation at the tertiary level is indeed dependent on the foundational human capital that has been developed in earlier stages of education and training.

Statement 1 is false because peers, educators, and society significantly influence decisions regarding human capital investments at the tertiary level. These factors play a crucial role in shaping educational and career choices.