Solved

Which of the Following Best Describes the Relationship Between Economic

Question 71

Multiple Choice

Which of the following best describes the relationship between economic growth and literacy?


A) ​As the economy grows, literacy declines because it becomes less and less useful in a developed economy.
B) ​Increased literacy initially stimulates economic growth by raising labor productivity, but as the economy grows and the opportunity cost of education rises, literacy declines.
C) ​Increased literacy stimulates economic growth by raising labor productivity, and as the economy grows, people consume more education.
D) ​There is no correlation between economic growth and literacy.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents