The Difference Between Knowing How and Knowing About Is

question 20

Multiple Choice

The difference between knowing how and knowing about is?

• A)Knowing about is implicit or tacit knowledge
• B)Know-how is implicit or tacit knowledge and includes performance skills
• C)Know-how is explicit knowledge about facts, instructions and theories
• D)Know-how and knowing about are just semantic differences

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Definitions:

Efficient Grower

An agricultural producer who can produce goods at a lower cost and with greater productivity compared to others.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or internationally.

Resource Scarcity

A situation where resources are limited in availability and cannot satisfy all uses and desires.

Opportunity Costs

The potential benefits an individual, investor, or business misses out on when choosing one alternative over another.