Question

The workers in the United States, Canada, The Netherlands, Germany, and Japan are the highest paid and most productive workers in the world. Which of the following statements CORRECTLY states why? They all have strong labor unions that force management to pay high wages. They have more human capital because of their education, training, and experience. They have very high consumer spending and profits. These countries all have very low taxes, so the firms can afford to overpay workers.

Answer 1

The workers in those countries are the highest paid and most productive workers because: They have more human capitol because of their education,training, and experience.

Answer 2

The correct answer is B) they have more human capital because of their education, training, and experience.

The statement that correctly states why is “they have more human capital because of their education, training, and experience.”

The workers in the United States, Germany, Japan, The Netherlands, and Canada are the highest paid and most productive in the world. They have more human capital because of their education, training, and experience. These countries invest a lot of money, infrastructure, and resources in education. Many of the best universities are located in those and other European countries. Furthermore, they invest a lot of money on research which allows them to have great discoveries and create patents.  

After education, companies procure and invest in continual education and training programs so their workers have all the tools to perform their duties and be productive. Their experience after all this preparation is one of the best. That is why the workers in the United States, Germany, Japan, The Netherlands, and Canada are the highest paid and most productive in the world.