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- Subject
- Education, Health, And Human Capitaleconomics-mcqs › education-health-and-human-capital
- Published
- 1 Jun 2019
- Last updated
- 28 May 2026
Explanation
Labor productivity in developed nations such as Japan and Germany is higher because their workforce benefits from both advanced formal education and training, as well as improved health and physical conditions. Therefore, both factors together enhance productivity.
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Practice related questions from the same subject.
- 1.What term describes the migration of talented professionals from developing nations to other countries?
- 2.According to Simon S. Kuznets, what constitutes the primary asset of a developed economy instead of its physical capital?
- 3.Which statement about education in Less Developed Countries (LDCs) is incorrect?
- 4.Which statement below is INCORRECT regarding child mortality?
- 5.Out of the 57 million deaths worldwide in 2002, how many were caused by stroke and heart disease, and how many were due to cancer, particularly in developing countries?
- 6.According to Gunnar Myrdal, what is a significant obstacle to achieving high labor productivity?
- 7.In a competitive market, what determines the income a worker receives?
- 8.What did the U.S. Census Bureau project for the life expectancy in Botswana and South Africa by the year 2010?
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