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People as Resources in Economics
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People as Resources in Economics

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Questions and Answers

What is the main focus of the chapter 'People as Resources'?

  • Viewing the population as valuable human capital (correct)
  • Utilizing human population for national defense
  • The role of technology in economic development
  • The impact of climate change on the workforce
  • How does the concept of 'People as Resources' contribute to economic development?

  • By increasing unemployment rates
  • By reducing the need for education and skills development
  • By promoting excessive reliance on natural resources
  • By recognizing the potential of human talent and skills (correct)
  • Why is it important for a country to view its population as valuable human capital?

  • To discourage investment in education and skill development
  • To limit the potential for economic growth and innovation
  • To decrease the standard of living for citizens
  • To improve the overall health and well-being of the population (correct)
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