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.
Question : Statement 1: Investment in human capital does not lead to technological innovation.
Statement 2: Investment in human capital fosters technological innovation and drives economic progress.
Question : Statement 1: Technological advancements have no impact on human capital formation.
Statement 2: Technological advancements drive the need for continuous human capital development and upskilling.
Question : Statement 1: Human capital formation leads to an increase in unemployment rates.
Statement 2: Human capital formation reduces unemployment rates.
Question : Statement 1: Human capital formation is a static process that does not adapt to changing needs.
Statement 2: Human capital formation is a dynamic process that requires constant adaptation to changing economic and technological landscapes.
Question : Statement 1: Human capital formation hinders economic productivity.
Statement 2: Human capital formation enhances economic productivity through the development of skilled and knowledgeable individuals.
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