Question 3 (2 points) Why do nations that invest more in educating their people

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Question 3 (2 points) Why do nations that invest more in educating their people tend to have higher economic rates? 1 Educated people tend to be more productive. 2) Educated people tend to return to school 3) Educated people tend to elect better leaders. 4) Educated people tend to work longer hours. Question 4 12 points) Who was the Nobel Prize-wnning economist that proposed that development in a nation should be assessed by the opportunities enjoyed by its citizens? 1) Thomas Friedman 2) Adam Smith 3) Amartya Sen 4) Michael Porter

Explanation / Answer

a) Educated people tend to be more productive. The answer is "A".

Education increases the human resource and raises the productivity in the nation allowing the economy to utilize the resources in a better way and increase the rates.  

b) Amartya Sen. The answer is "C".

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