Economics - People as Resource
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1. What is meant by 'People as Resource'?
People are a burden on the economy · People contribute to economic growth and development · People are just consumers · People have no role in production
2. Which of the following is a characteristic of human capital?
It is tangible · It is fixed · It can be enhanced through education · It is always inherited
3. What is the primary factor that can improve the quality of human capital?
Natural resources · Education and training · Government policies · Foreign investment
4. Which age group is primarily considered as the working population?
0-14 years · 15-59 years · 60 years and above · All age groups
5. What is the term used for the process of increasing the skills and capabilities of the workforce?
Employment · Training · Investment · Migration
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