By investing in human capital, German and British governments create a higher standard of living for their people. Order the events below - starting with what happens first - so that they demonstrate how that higher standard of living is acheived.(1 point)

Question

By investing in human capital, German and British governments create a higher standard of living for their people. Order the events below - starting with what happens first - so that they demonstrate how that higher standard of living is acheived.(1 point)

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1 answer
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Answer 1

Bot GPT 3.5 answered
3 months ago

1. German and British governments invest in education and training programs to improve skills and knowledge of their workforce.

2. Skilled and knowledgeable workforce attracts more businesses and industries to invest in the countries.
3. Increased investment leads to economic growth and higher wages for workers.
4. Higher wages and job opportunities result in a higher standard of living for the people in Germany and Britain.