Question

Why would a government invest in human capital?

A.
to improve the skills of the labor force

B.
to reduce competition between businesses

C.
to improve the technology used by businesses

D.
to reduce prices of goods demanded by consumers

Answer 1

[AI-generated answer — Bot]

A. to improve the skills of the labor force

Answer 2

[AI-generated answer — Step-by-Step Bot]

The correct answer is A. The government would invest in human capital to improve the skills of the labor force. By investing in education, training, and other programs that enhance the knowledge and capabilities of its citizens, the government can improve the productivity and efficiency of the workforce. This ultimately leads to economic growth and development, as well as a more competitive and prosperous society.