Question
The government of Country M has determined that it needs to take action to encourage the growth of its economy. In order to do this, the government has instituted an incentive policy that offers citizens free education. This is extended to all individuals who sign a contract agreeing to work within their specific industry for the next ten years.
How is Country M planning on encouraging economic growth?
by investing in research to develop goods that can be introduced on a global scale
by investing in new technologies to produce goods that are in great demand
by investing in education to reduce unemployment and increase production
by investing in resources that can be traded with other nations
How is Country M planning on encouraging economic growth?
by investing in research to develop goods that can be introduced on a global scale
by investing in new technologies to produce goods that are in great demand
by investing in education to reduce unemployment and increase production
by investing in resources that can be traded with other nations
Answers
GPT-5 mini
By investing in education to reduce unemployment and increase production.
Explanation: The policy provides free education in exchange for work commitments, which builds human capital and boosts labor supply and productivity in the economy.
Explanation: The policy provides free education in exchange for work commitments, which builds human capital and boosts labor supply and productivity in the economy.