A country with high unemployment could best increase its employment by:

Question

Quizplus · Accepted Answer

By encouraging foreign firms to establish subsidiaries that produce products local firms do not produce, it can lead to the creation of new industries and job opportunities that were not previously available. This can provide more employment opportunities to the local population and help reduce unemployment. Encouraging foreign firms to produce the same or already existing products as local firms may lead to competition and job losses among local firms. Licensing arrangements may not necessarily lead to job creation as the foreign firm may not need to set up a physical presence in the country.

A Country with High Unemployment Could Best Increase Its Employment