9
RCMultiple Choice

Economic Development — Cumulative exam

Question 9 • ISP ONLY: Economics S5000XX

Read the paragraph.Government officials in Country M have determined that they need to take action to encourage the growth of their economy. To do this, they have introduced an incentive policy that offers citizens free education. This is extended to all individuals who sign a contract agreeing to work within their specific industry for the next ten years.Country M hopes to encourage economic growth by investing in

Answer
A
education to reduce unemployment and increase production.
B
new technologies to produce goods that are in great demand.
C
resources that can be traded with other nations.
D
research to develop goods that can be sold on a global scale.

Explanation

Country M is offering free education in exchange for a commitment to work in a specific industry. Education develops workers’ skills, which can help reduce unemployment in those industries and increase production. Therefore, the policy is an investment in education, not directly in technology, trade resources, or product research.

AI-written and checked against the verified answer.

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