ECONOMICS
BARRIERS TO TRADE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
They limit the volume of trade with other countries
|
|
|
They limit the natural resources the country controls
|
|
|
They limit the population’s ability to perform skilled labor
|
|
|
They limit the government’s ability to control information
|
Detailed explanation-1: -The literacy rate of a country affects its economic development greatly. The more literate citizens a country has, the greater is its economic development. People who are literate can more easily develop skills that will help them in the workplace and will help them find and keep jobs, so they can spend money.
Detailed explanation-2: -The Importance of Literacy to Economic Development Effective literacy skills open the doors to more educational and employment opportunities so that people are able to pull themselves out of poverty and chronic underemployment.
Detailed explanation-3: -Individuals with low levels of literacy are more likely to experience poorer employment opportunities and outcomes and lower income. As a result, they often face welfare dependency, low self-esteem, and higher levels of crime.
Detailed explanation-4: -Solution : Proportion of literate population of a country is an indicator of its socio-economic development as it reveals the standard of living, social status of females, availability of educational facilities and policies of government. Level of economic devclopment is both a cause and consequence of literacy.