Which of the following would be most likely to improve the standard of living of people in less-developed nations?
A) the development of strong labor unions
B) an increase in foreign investment
C) an increase in the share of the population under 15 years of age
D) higher tariffs and the imposition of other restraints designed to restrict international trade

Question

Quizplus · Accepted Answer

Foreign investment can bring in new technologies, create job opportunities, and increase productivity and economic growth, which can ultimately lead to an improvement in the standard of living of people in less-developed nations. The other options may not necessarily lead to such improvements or may even have negative consequences. Strong labor unions can lead to higher wages and better working conditions for workers, but may also lead to increased labor costs for businesses, which can discourage investment. An increase in the share of the population under 15 years of age may lead to a higher dependency ratio and put strain on resources, while higher tariffs and restraints on international trade can limit access to resources and limit economic growth.

Which of the Following Would Be Most Likely to Improve