Question : Statement 1: Investment in human capital reduces economic growth.
Statement 2: Investment in human capital promotes economic growth and development.
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 option is (c) Statement 1 is false, but statement 2 is true.
Statement 1 is false because investment in human capital is widely recognized as a driver of economic growth. By developing the knowledge, skills, and abilities of individuals, human capital formation enhances productivity, innovation, and overall economic performance. A skilled and educated workforce is more likely to contribute to economic growth through increased efficiency, technological advancements, and entrepreneurship.
Statement 2 is true as investment in human capital promotes economic growth and development. When resources are allocated towards education, training, and skill development, individuals become more productive and capable of contributing to the economy. Human capital enhances the competitiveness of a nation, attracts investments, and fosters long-term sustainable development.
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: Investment in human capital has no impact on social development.
Statement 2: Investment in human capital contributes to improved social indicators and overall societal well-being.
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.
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 an expensive process that does not yield significant returns.
Statement 2: Human capital formation is a worthwhile investment that yields long-term economic and social benefits.
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