Which of the following is most likely to help promote the efficient use of resources and rapid economic growth?
A) high tariffs and imposition of other trade restrictions
B) high marginal tax rates
C) an open and competitive capital market
D) high rates of inflation

Question

Quizplus · Accepted Answer

An open and competitive capital market encourages investment and innovation, which leads to efficient use of resources and rapid economic growth. High tariffs and trade restrictions limit international trade and can stifle economic growth. High marginal tax rates can discourage investment and entrepreneurship. High rates of inflation can erode purchasing power and negatively impact economic growth.

Which of the Following Is Most Likely to Help Promote