To encourage economic development a country should do all of the following EXCEPT
A) invest in human capital.
B) limit the amount of imports allowed into the country.
C) allow creative destruction to run its course.
D) establish a system of property rights.

Question

Quizplus · Accepted Answer

Limiting the amount of imports allowed into the country may actually hinder economic development as it can lead to less competition and innovation in the domestic market. The three other options listed (investing in human capital, allowing creative destruction, and establishing property rights) are all commonly recognized as important factors in promoting economic growth.

To Encourage Economic Development a Country Should Do All of the Following