Other things being equal,if Mexico devotes more resources to train its population than Spain,
A)Mexico will have more current consumption than Spain.
B)Mexico will be able to eliminate opportunity cost faster than Spain.
C)Mexico will be able to eliminate scarcity faster than Spain.
D)Mexico will grow faster than Spain.
E)Spain will grow faster than Mexico.

Question

Quizplus · Accepted Answer

Investing in human capital by increasing resources for education and training will result in a higher productivity level for the workforce. With a more skilled workforce, Mexico will likely experience higher economic growth rates than Spain. As a result, Mexico will grow faster than Spain.

Other Things Being Equal,if Mexico Devotes More Resources to Train