Which of the following contributes to an institutional structure that promotes economic growth?
A)Comparative advantage.
B)The inequality trap.
C)Technology.
D)Property rights.

Question

Quizplus · Accepted Answer

Property rights are necessary for economic growth as they provide individuals and businesses with the security to invest in their property, innovate, and trade without fear of unlawful seizure or confiscation. This promotes efficient resource allocation and economic activity, enabling economic growth. Comparative advantage, technology, and the inequality trap may also play a role in economic growth but are not as fundamental to promoting it as property rights.

Which of the Following Contributes to an Institutional Structure That