The experience of Ireland in the last four decades indicates that in order to achieve high rates of economic growth countries must
A) hold free (democratic) elections
B) maintain a government expenditure/GDP ratio of at least 40 percent.
C) restrain the growth of government, keep taxes low, remove trade barriers, and follow a monetary policy consistent with price stability.
D) obtain financial aid from foreign governments in order to get the growth process started.
Correct Answer:
Verified
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