Asked by HAM?T C?HAN on Jun 30, 2024
Verified
Which of the following is a consequence of low income?
A) More hard work and lower labor productivity
B) More investment in human capital
C) More savings and less consumption
D) More hard work and higher labor productivity
E) Less savings and less investment
Low Income
Indicates earning levels that are significantly lower than the average or median income in a given region or society.
Labor Productivity
A measure of economic performance that calculates the output per unit of labor input, such as output per hour worked.
Human Capital
The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
- Identify strategies for improving economic development and public health in low-income countries.
Verified Answer
Learning Objectives
- Identify strategies for improving economic development and public health in low-income countries.
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