Johnsonville is a small and poor nation,but its current president has a genuine desire to create more wealth for Johnsonville's citizens.The president has received recommendations from several of her advisors.Which of the following recommendations is likely to create the most wealth for Johnsonville?
A)establish barriers to trade to protect Johnsonville businesses from foreign competition.
B)establish a business environment that promotes and rewards entrepreneurship.
C)acquire more land by invading a neighboring country that is even poorer and weaker than Johnsonville.
D)use foreign aid from other nations to purchase more tools and machinery.

Question

Quizplus · Accepted Answer

Establishing a business environment that promotes and rewards entrepreneurship is likely to create the most wealth for Johnsonville. This will encourage Johnsonville citizens to start their own businesses and create jobs, which will lead to economic growth and increased prosperity for the nation. Options A and C are unethical and can lead to negative consequences for Johnsonville in the long run. Option D may provide short-term benefits, but it is not a sustainable solution for creating wealth in the long term.

Johnsonville Is a Small and Poor Nation,but Its Current President