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 fifteen 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 would bring in more resources and expertise to less-developed nations, potentially leading to increased economic growth and improved standards of living. The development of strong labor unions may improve conditions for workers, but may also discourage foreign investment. An increase in the share of the population under fifteen years of age may not necessarily lead to an improvement in living standards. Higher tariffs and other trade restrictions would likely limit economic growth and result in higher prices for goods, ultimately lowering living standards.

Which of the Following Would Be Most Likely to Improve