Answer :
Final answer:
The lack of skilled workers to operate an oil rig is an example of a shortage of human capital. Human capital encompasses the skills and expertise needed in the workforce. Therefore, the correct answer is C) human.
Explanation:
Understanding the Shortage of Skilled Workers
The scenario described in your question relates to the shortage of human capital. In this context, human capital refers to the skills, knowledge, and experience possessed by individuals, which are crucial for operating an oil rig effectively.
When there is a lack of trained professionals who can manage and operate complex machinery, it highlights a deficiency in human capital rather than physical or financial capital. Here's how we categorize capital:
- Physical capital: This includes tangible assets like machinery and buildings.
- Financial capital: This refers to the economic resources available for use, such as money and investments.
- Human capital: This encompasses the abilities and expertise of the workforce.
In conclusion, the lack of skilled workers indicates a shortage of human capital, which is vital for industries like oil drilling where expertise and technical skills are paramount.
Learn more about human capital here:
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