Which policy might most help North Korea develop economically?
(1 point)
Responses
more investment in the military
more investment in the military
more government control
more government control
more investment in citizens
more investment in citizens
more trade sanctions
more trade sanctions
Which significant challenge does Japan face today?
(1 point)
Responses
lack of specialization
lack of specialization
unskilled workforce
unskilled workforce
scarcity of natural resources
scarcity of natural resources
too few trade partners
scarcity of natural resources
The policy that might most help North Korea develop economically is more investment in citizens.
The policy that might most help North Korea develop economically is more investment in citizens.
To understand why this policy is beneficial, we can look at the basic principles of economic development. Economies grow when there is an increase in productive capacity and consumption. Therefore, investing in citizens would involve initiatives that improve education, healthcare, infrastructure, and job opportunities for the North Korean people.
By investing in citizens, North Korea would be enhancing human capital, which refers to the knowledge, skills, and health of its people. This would improve their productivity and ability to contribute to the economy. Additionally, investing in citizens can promote innovation, entrepreneurship, and creativity, leading to the development of new industries and technologies.
To implement this policy, North Korea would need to allocate resources towards education, healthcare, job training, and infrastructure development. This would require both financial investment and effective governance to ensure the resources are used efficiently and effectively.
By prioritizing investments in its citizens, North Korea can empower its people, foster economic growth, and ultimately improve the overall well-being of the nation.