Resources

Q.

A person becomes a resource when he/she:

1. is willing to work

2. belongs to a particular age group

3. is able to work

4. all of the above

Q.

Physical capital refers to:

1. Process of acquiring and increasing the number of persons who have skill

2. Stock/shares of the companies

3. Stock of means of production

4. All of these

Q.

What is the main source of human capital formation?

Q. What is human capital?

1. The rise of information technology
2. The skills and abilities of humans to learn
3. Technological ideas of people
4. The development of robots in industry

Q.

People as a resource implies:

1. Country's fixed capital in terms of their existing productive skills

2. Country's working capital in terms of their existing productive skills

3. Country's natural capital in terms of their existing productive skills

4. None of the above

Q. Difference between human capital formation and physical capital

Q. true or false also give reason :
human capital formation creates physical capital