Which of the Following Statements Is Correct

question 9

Multiple Choice

Which of the following statements is correct?

• A)Technological knowledge is the society's understanding about how the world works, whereas human capital refers to the resources spent transmitting this understanding to the labour force
• B)Human capital is the society's understanding about how the world works, whereas technological knowledge refers to the resources spent transmitting this understanding to the labour force
• C)Technological knowledge is the bridge that links physical and natural resources to human capital
• D)Technological knowledge is the society's understanding about human capital

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Definitions:

Scientific Method

A method of research with defined steps that include experiments and careful observation to validate or disprove a hypothesis.

Housing Prices

The monetary value assigned to residential dwellings based on market conditions, location, and attributes of the property.

Natural Experiment

An observational study in which an event or a policy affects the variables of interest, allowing researchers to study outcomes without manipulating the study environment.

Lower Gas Prices

A decrease in the cost of gasoline, which can affect consumer spending, travel behavior, and the overall economy.