Which of the following is true about the influence of economic systems on human resource practices in international markets?
A) Socialist economic systems provide ample opportunities for educational development.
B) In developed countries with great wealth, labor costs are relatively low.
C) In capitalist economic systems, education is free for students.
D) Capitalism may not provide economic rewards for increasing one's education.
E) In socialist systems, students bear more of the cost of their education.

Question

Quizplus · Accepted Answer

Socialist economic systems provide ample opportunities for educational development because the education system is free to students. At the same time, socialism may not provide economic rewards (higher pay) for increasing one's education. In capitalist systems, students bear more of the cost of their education, but employers reward those who invest in education. In developed countries with great wealth, labor costs are relatively high.

Which of the Following Is True About the Influence of Economic