Which two of the following are factors affecting a country's capacity to efficiently produce goods and services in the long term?
A) Its willingness to run budget deficits
B) The flexibility of its monetary policy
C) Its investment in human capital
D) Its level of institutional sophistication and institutional reliability

Question

Quizplus · Accepted Answer

Investment in human capital (C) enhances a workforce's productivity, innovation, and efficiency, directly impacting long-term production capabilities. The level of institutional sophistication and reliability (D) ensures a stable and predictable environment for economic activities, fostering efficient production and innovation.

Which Two of the Following Are Factors Affecting a Country's