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Word File t View Insert Format Tools Table Window Help 1 8 8 0 7 9 8 4 Thu Oct 7 8:01 PM O- Years Months Days All Photos @ bo Q search sc X 3 R E O. . AutoSave . OFF A 9 068 ... Economics Module 4 Homework 2 Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Times New... v 12 A A Aa Po AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdEc AaBb(, Paste BIUvab X x A LA Normal No Spacing Heading 1 Heading 2 Title Style Dictate Pane 6) Briefly discuss the macroeconomic benefits of a highly educated and skilled work force and then explain how government could do more to encourage increased R&D activities. A highly educated and skilled workforce contributes to a higher rate of economic growth because they increase productivity in the labor force. Therefore, workers are more efficient, and their economic performance improves. Additionally, if an economy has a generally skilled labor force, the nation can develop comparative advantage across various industries which Feedback will again benefit the economy. For the low-income nations of the world, additional investment in human capital seems likely to increase productivity and growth. The government could spend more on the R&D that it carries out in government laboratories, as well as expanding federal R&D grants to universities and colleges, nonprofit organizations, and the private sector. Also to encourage R&D activities governments could also provide tax incentives to those indulging in these activities. 16,392 M tv W