The rate of economic progress in a country seems to depend on the extent to which that country has a:
A)stable and resilient leadership.
B)low inflation environment.
C)well-functioning economy.
D)large export market.

Question

Quizplus · Accepted Answer

A well-functioning economy is essential for economic progress as it ensures efficiency in the allocation of resources, encourages entrepreneurship, and facilitates innovation and growth. Stable and resilient leadership, a low inflation environment, and a large export market are important factors that can contribute to economic progress, but none of them alone can guarantee it. Therefore, choice C is the best option as it encompasses all the necessary elements for economic progress to occur.

The Rate of Economic Progress in a Country Seems to Depend