TRANSITION TOP KNOWLEDGE ECONOMY

What is the role of research and development (R&D) in a knowledge economy?

• R&D is primarily focused on reducing costs
• R&D only benefits large corporations
• R&D has no impact on the economy
• R&D drives innovation, creates new products and services, improves processes, and enhances competitiveness.

Which of the following is an example of a knowledge-based industry?

• Agriculture farming
• Construction industry
• Software development
• Healthcare services

Which sector plays a significant role in a knowledge economy?

• MINING

• INFORMATION TECHNOLOGY

• AGRICULTURE

• MANUFACTURING

What is the significance of innovation in a knowledge economy?

• It has no impact on the economy

• It drives growth, creates new opportunities, and enhances competitiveness

• It only benefits specific industries

• It leads to increased government regulations

How does the education sector contribute to a knowledge economy?

• It hinders progress and innovation

• It provides a skilled workforce, fosters research, and promotes learning

• It is irrelevant in a knowledge economy

• It focuses solely on theoretical knowledge

What is the timeframe for achieving the goals of the UAE Vision 2021?      

• By the year 2023
• By the year 2022
• By the year 2021
• By the year 2020

What is the main goal of transitioning to a knowledge economy?

• To reduce the reliance on technology
• To shift the focus to knowledge-based industries for economic growth and competitiveness.
• To promote traditional agricultural practices
• To encourage a barter-based economy

What is the role of education in transitioning to a knowledge economy?

• Education equips individuals with the skills, knowledge, and capabilities needed to thrive in a technology-driven and information-based society, fostering innovation, critical thinking, problem-solving, and adaptability.
• In a knowledge economy, education is irrelevant
• Knowledge economy does not require any specific skills or capabilities
• Education has no impact on transitioning to a knowledge economy

Which factor is essential for a successful transition to a knowledge economy?

• Reliance on outdated technology
• Decreased investment in education and innovation
• Investment in education and innovation
• Lack of skilled workforce

What is the role of entrepreneurship in a knowledge economy?

• Entrepreneurship hinders innovation and economic growth in a knowledge economy
• Entrepreneurship has no impact on the commercialization of knowledge and ideas
• Entrepreneurship primarily focuses on maintaining the status quo in a knowledge economy
• Entrepreneurship drives innovation, creates new markets, and fosters economic growth through the commercialization of knowledge and ideas.