Question : Assertion: Human capital is a determinant of economic productivity.
Reason: Skilled individuals are more efficient and effective in their work, leading to increased productivity.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion states that human capital is a determinant of economic productivity. Human capital refers to the skills, knowledge, and abilities that individuals possess, which can be developed through education, training, and experience. The reason provided is that skilled individuals are more efficient and effective in their work, leading to increased productivity. This is accurate because individuals with higher levels of human capital are equipped with the necessary skills, expertise, and problem-solving abilities to perform tasks more effectively and efficiently. They can apply their knowledge and skills to improve processes, innovate, and find solutions to challenges, which ultimately enhances productivity in various sectors of the economy. Therefore, both the assertion and the reason are true, and the reason correctly explains the assertion.
Question : Assertion: Human capital is a determinant of economic competitiveness.
Reason: Highly skilled individuals contribute to the growth and productivity of industries.
Question : Assertion: Effective utilization of human capital drives economic competitiveness.
Reason: A skilled workforce enhances productivity, innovation, and adaptability, making a country more competitive in the global market.
Question : Assertion: Investment in human capital improves individual earning potential.
Reason: Highly educated and skilled individuals are more likely to secure higher-paying jobs.
Question : Assertion: Investment in human capital leads to sustainable economic growth.
Reason: A skilled workforce enhances productivity and innovation, driving economic development.
Question : Assertion: Human capital fosters economic resilience and adaptability.
Reason: Skilled individuals can easily transition to new industries and occupations.
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