Question : The concept of "brain drain" refers to:

Option 1: The emigration of skilled individuals from one country to another.

Option 2: The migration of individuals from rural to urban areas.

Option 3: The loss of jobs due to technological advancements.

Option 4: The withdrawal of workers from the labor force.

Question : The "brain gain" refers to:

Option 1: The migration of highly skilled individuals to other countries

Option 2: The loss of intellectual abilities due to aging

Option 3: The process of acquiring knowledge through formal education

Option 4: The increase in the population due to immigration

Question : The concept of "skill premium" refers to:

Option 1: The difference in wages between skilled and unskilled workers

Option 2: The cost of acquiring new skills

Option 3: The level of skill required for a particular job

Option 4: The market demand for skilled workers

Question : What is the role of entrepreneurship in human capital formation?

Option 1: It encourages brain drain.

Option 2: It promotes skill development.

Option 3: It reduces the need for education.

Option 4: It discourages innovation.

Question :  What does the term "demographic dividend" refer to?

Option 1: The decline in birth rates leading to an aging population

Option 2: The increase in the proportion of the working-age population

Option 3: The migration of skilled workers to other countries

Option 4: The dependency ratio in a population