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

An increase in foreign investment can stimulate economic growth and create job opportunities, which can improve the standard of living for people in less-developed nations. Higher tariffs and restrictions on international trade would likely hinder economic growth and limit opportunities for development. The development of labor unions may increase wages and benefits for workers, but it may also lead to resistance from employers, which could limit job growth and economic development. An increase in the share of population under 15 years of age may indicate a growing population, but it does not necessarily guarantee an improvement in the standard of living.

Which of the Following Would Be Most Likely to Improve