Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
It leads to higher productivity and efficiency, increasing GDP.
B
It results in higher unemployment rates due to overqualification.
C
It has no effect on economic growth as all workers contribute equally.
D
It primarily benefits only high-tech industries, leaving others unaffected.
Understanding the Answer
Let's break down why this is correct
Answer
A more skilled labor force can greatly enhance a country's economic growth because skilled workers are often more productive and efficient. They can perform complex tasks, innovate, and adapt to new technologies, which leads to better products and services. For example, a factory with highly skilled engineers can design machines that work faster and use less energy, reducing costs and increasing profits. In contrast, a less skilled labor force may struggle with these tasks, resulting in lower productivity and slower economic progress. Overall, having a skilled workforce helps drive advancements and boosts a country's economy.
Detailed Explanation
A skilled labor force can do tasks faster and better. Other options are incorrect because Some might think that having too many skilled workers causes unemployment; It's a common belief that all workers help the economy equally.
Key Concepts
Skilled Labor
Economic Growth
Human Capital
Topic
Skilled Labor and Economic Growth
Difficulty
medium level question
Cognitive Level
understand
Ready to Master More Topics?
Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.