ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The higher the literacy rate, the higher the standard of living
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The lower the literacy rate, the higher the standard of living.
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The higher the literacy rate, the lower the standard of living.
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The lower the literacy rate, the lower the standard of living.
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Detailed explanation-1: -Literacy rates are positively correlated with standard of living. Explanation: (most) Countries with higher standards of living show a higher literacy rate and countries with lower standards of living show a lower literacy rate. So there is a positive correlation between the standard of living and the literacy rates.
Detailed explanation-2: -Definition: The proportion of the adult population aged 15 years and over which is literate, expressed as a percentage of the corresponding population, total or for a given sex, in a given country, territory, or geographic area, at a specific point in time, usually mid-year.
Detailed explanation-3: -The literacy rate is higher among the men in India. Gender discrimination is the main reason for the higher literacy rate among men. The prevailing thought that women are bound to work only in households gives more opportunities for men to get educated.
Detailed explanation-4: -Literacy is a very important quality of a population. Only an informed and educated citizen can make intelligent choices and undertake research and development projects. Low levels of literacy rate are a serious obstacle for economic improvement.