Although technological knowledge and human capital are closely related, there is an important difference.Which of the following statements is correct?
A)Human capital is the society's understanding about how the world works, whereas technological knowledge is the resources spent transmitting this understanding to the labour force
B)Technological knowledge is the bridge that links physical and natural resources with human capital
C)Technological knowledge is the society's understanding about how the world works, whereas human capital is the resources spent transmitting this understanding to the labour force
D)Technological knowledge is the society's understanding of human capital

Question

Quizplus · Accepted Answer

Technological knowledge refers to society's collective understanding of how the world operates, including scientific and engineering principles that can be applied to create goods and services. Human capital, on the other hand, encompasses the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country. The resources spent on education, training, and health to improve this human capital involve transmitting technological and other forms of knowledge to the labor force, making option C the correct statement.

Although Technological Knowledge and Human Capital Are Closely Related, There