ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is a human resource that Ms. Johnson could use for her art gallery?SSEF1b
A
Light fixtures to help display the artwork.
B
A security system to protect the artwork.
C
Knowledge of trends in modern art.
D
A series of paintings by a prominent local artist.
Explanation: 

Detailed explanation-1: -Which is a human resource that Ms. Johnson could use for her art gallery? Light fixtures to help display the artwork.

Detailed explanation-2: -The central or fundamental questions of economics are: what to produce, how to produce, and for whom to produce. So, the effect of any addition or subtraction on the on-going situation is not a fundamental question.

Detailed explanation-3: -Increases in capital goods, labor force, technology, and human capital can all contribute to economic growth. Economic growth is commonly measured in terms of the increase in aggregated market value of additional goods and services produced, using estimates such as GDP.

Detailed explanation-4: -Which question is MOST LIKELY a fundamental economic question? A: Who will get the goods and services produced?

There is 1 question to complete.