The most important factor for producing long-run economic growth is
A)abundant natural resources.
B)foreign aid.
C)good policies and institutions.
D)slow population growth.

Question

Quizplus · Accepted Answer

While abundant natural resources and foreign aid can be beneficial for economic growth, good policies and institutions are the most important factor for producing long-run economic growth. This includes policies that promote investment in education and infrastructure, as well as institutions that protect property rights and promote competition. Slow population growth can also be a contributing factor to long-run economic growth, but it is not as crucial as good policies and institutions.

The Most Important Factor for Producing Long-Run Economic Growth Is