ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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population rates and family size is larger so they have more workers.
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people are expected to purchase stocks and bonds for the company they work for
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more money is spent on education and training so people produce more and make a higher wage.
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more money is spent only using human intelligence and technology and computers are limited.
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Detailed explanation-1: -Human capital allows an economy to grow. When human capital increases in areas such as science, education, and management, it leads to increases in innovation, social well-being, equality, increased productivity, improved rates of participation, all of which contribute to economic growth.
Detailed explanation-2: -Countries can specialize in the goods and services they produce best and trade for the goods and services they produce relatively less efficiently. The more countries can specialize and trade, the more economic growth they will realize in the long run.
Detailed explanation-3: -Human capital theory emphasizes how education increases the productivity and efficiency of workers by increasing the level of cognitive stock of economically productive human capability, which is a product of innate abilities and investment in human beings.