Which of the following is most important for the achievement of long-term economic growth and a high level of per capita income?
A) Abundant natural resources.
B) Foreign aid.
C) Policies and institutions that encourage productive activities.
D) Institutions and policies that control the growth of population.

Question

Quizplus · Accepted Answer

While abundant natural resources and foreign aid can be helpful for short-term growth, it is policies and institutions that encourage productive activities and provide a stable and supportive environment for businesses that are most important for long-term economic growth and high levels of per capita income. Additionally, controlling population growth can have some positive effects on economic growth, but it is not as important as having supportive policies and institutions.

Which of the Following Is Most Important for the Achievement