Question

Which of the following would be most likely to improve the standard of living of a less-developed country?

a. development of strong labor unions.
b. more foreign investment, attracted by the expectation of economic and political stability.
c. adoption of trade barriers (higher tariffs and quotas).
d. widespread use of price controls to allocate goods and resources.
ANS
b. more foreign investment, attracted by the expectations of economic and political stability.

Answer 1

B

Step-by-step explanation:

More foreign investment, attracted by the expectations of economic and political stability would be most likely to improve the standard of living of a less-developed country