Question : Statement 1: Human capital formation leads to a decrease in technological advancements.
Statement 2: Human capital formation fuels technological advancements and fosters innovation.
Option 1: Statement 1 is true, and statement 2 is true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 1 is false, but statement 2 is true.
Option 4: Statement 1 is false, and statement 2 is false.
Correct Answer: Statement 1 is false, but statement 2 is true.
Solution : The correct answer is (c) Statement 1 is false, but statement 2 is true.
Statement 1 suggests that human capital formation leads to a decrease in technological advancements. This statement is false. Human capital formation, through education, training, and skill development, actually contributes to technological advancements. A well-educated and skilled workforce is crucial for driving innovation and adopting new technologies.
Statement 2 states that human capital formation fuels technological advancements and fosters innovation. This statement is true. Human capital formation plays a significant role in fostering technological advancements by equipping individuals with the knowledge and skills necessary to contribute to research, development, and the implementation of new technologies. Human capital development leads to a more capable and innovative workforce, which in turn drives technological progress.
Therefore, statement 1 is false, but statement 2 is true.
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