Which of the following will contribute to accelerated growth for the U.S.economy?

Question

Quizplus · Accepted Answer

Outsourcing for inputs and utilizing comparative advantage for trade can result in cost savings and increased efficiency, which can contribute to accelerated economic growth.

The other options (A, B, and D) are likely to have the opposite effect and could potentially slow down economic growth. A decrease in factor mobility (A) can create barriers to labor and capital movement, reducing opportunities for firms to expand and grow. A decrease in government-sponsored student loans (B) can limit access to education and training, which can reduce the pool of qualified workers and hinder innovation. A decrease in tax credits for research and development (D) can discourage investment in innovation and R&D, which can slow down technological progress and productivity growth.

Which of the Following Will Contribute to Accelerated Growth for the U.S.economy