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

Question

Quizplus · Accepted Answer

Investing more resources in training the population will lead to an increase in human capital, which in turn, will enhance the productivity and efficiency of the economy. As a result, Mexico will be able to produce more goods and services than Spain, meaning it will grow faster than Spain over time.

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