Which of the following is true?
A)Nations achieve high rates of economic growth primarily because of their natural resource endowments.
B)Human and physical capital investments are largely irrelevant to economic growth.
C)Poor nations grow slowly because they do not have access to modern technology
D)A favorable institutional environment will tend to attract more investment in human and physical capital.

Question

Quizplus · Accepted Answer

A favorable institutional environment, such as stable governance, property rights, and rule of law, encourages investment in human and physical capital, which are crucial for economic growth.

Which of the Following Is True