Question

Which of the following is not a economic exchange
A)Flow of labour
B)Flow of Capital
C)Flow of knowledge
D)Flow of trade

Answer 1

Answer:

c

Explanation:

since in all options except C there is flow of resources which can be measured monetarily and this flow is considered as economic resource out flow for example if we take OPTION A: labour will be get paid for the work or service rendered by him and the organisation get benefited. so,there is an monetary flow of economic resources and this may be termed as economic exchange.

similarly,in OPTION B and OPTION C there is an monetary flow and this may be termed as economic exchange.

"BUT IN OPTION C THERE IS FLOW OF KNOWLEDGE AND THIS CAN'T BE MEASURED IN MONETARY TERMS AND THIS MAY NOT BE CONSIDERED AS ECONOMIC EXCHANGE "

please follow me

Answer 2

(C) Flow of knowledge

is not an economic exchange.

• Economic exchange is also known as goods exchange.

• It is the term used in microeconomics to elaborate the relation of other agents.

• Flow of knowledge usually refers to passing knowledge between nodes according to set rules and regulations.

• Other than flow of knowledge, all the other option are essentially included economy exchange.

• Hence flow of of knowledge is not an economic exchange.