Which of the following is FALSE?
A) a high level of investment generally does not lead to a higher living standard
B) in industrial countries the amount of labor is less important than the skills and talent of the work force
C) a country that possesses rich natural resources should have a high standard of living
D) countries with fewer average years of schooling often have lower living standards
E) if a poor country invests in health it can significantly increase the quality of human capital and thus raise overall living standards
Correct Answer:
Verified
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