Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Read the following statements:
Statement 1: People migrate in search of higher-paying jobs than they can find in their home countries.
Statement 2: Increased earnings in the new location usually outweigh the cost of migration.
Which of the following statement/statements are true?

Options:

Both the statements are true

Both the statements are false

Statement 1 is true and Statement 2 is false

Statement 2 is true and Statement 1 is false

Correct Answer:

Both the statements are true

Explanation:

the correct answer is Option 1:Both the statements are true

Statement 1 is true as people often migrate in search of better job opportunities and higher wages.

Statement 2 is also true because, generally, the increased earnings from a new job location often outweigh the costs associated with migration, making it a worthwhile decision for many individuals.