Strategy to Address Dependence on Foreign Workers, Labour Market Demands

question 220

Multiple Choice

Strategy to Address Dependence on Foreign Workers, Labour Market Demands
The prime minister of Malaysia announced his governmentʹs ʺimmediate focus would be to enhance skills development and improve the quality of education.ʺ By ʺthe constant upgrading of skills of the countryʹs workforceʺ he hoped to improve the countryʹs ʺglobal competitiveness and raise average incomes of workers.ʺ
The story describes

• A) a plan increase physical capital.
• B) a plan to increase human capital.
• C) improvements in Malaysiaʹs incentive system.
• D) a consequence of economic growth.

---

Definitions:

Selling Price

The amount of money for which a product or service is sold to the customer, including all applicable costs and markup.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, indicating the proportion of fixed versus variable costs.

Break-Even Point

The financial point at which total costs and total revenue are equal, resulting in no net loss or gain.

Safety Margin

The amount by which a product's selling price exceeds its production cost, providing a buffer for profitability.