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

Question

Quizplus · Accepted Answer

Low income generally means there is less money available for savings and investment, which leads to less accumulation of wealth over time. Therefore, there is likely to be less savings and less investment in human capital, which can lead to a lack of opportunities for upward mobility. This can create a cycle where low-income individuals are stuck in low-paying jobs, which may require more hard work to maintain, but may not result in higher labor productivity.

Which of the Following Is a Consequence of Low Income