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 political environment attracts more investment in human and physical capital.

Question

Quizplus · Accepted Answer

While natural resource endowments can certainly contribute to economic growth, they are not the only or even primary factor. Human and physical capital investments are crucial for sustained economic growth. Poor nations may indeed have limited access to modern technology, but this is not the sole reason for slow growth. A favorable political environment that encourages investment in human and physical capital is essential for promoting economic growth.

Which of the Following Is True