Question

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

It's A) education to reduce unemployment and increase production.

Answer 1

The correct answer is:

Country M hopes to encourage economic growth by investing in education to reduce unemployment and increase production.

Supporting human capital, meaning education and training for work is a long run strategy to make the workforce much more employable and to increase the level of labor productivity. Furthermore, in general, the more education someone undergoes, the higher the wage that person could receive, even directly emerging from unemployment.

Answer 2

true
Because education improves skills acquisition which leads to employment. when the population is well skilled, companies can invest and produce goods in the country therefore spurring economic growth.