Acquiring information about labour market, education, health etc. helps in efficient utilisation of the acquired human capital stock.

Which of the following option is true in regards to the above statement?

The statement is true

People spend to acquire information relating to the labour market and other markets like education and health. For example, people want to know the level of salaries associated with various types of jobs, whether the educational institutions provide the right type of employable skills and at what cost. This information is necessary to make decisions regarding investments in human capital as well as for efficient utilisation of the acquired human capital stock.