Which of the following do development economists NOT recommend to nations seeking to increase their rates of economic growth?
A) protecting home producers from international competition
B) letting creative destruction run its course
C) promoting increased education
D) promoting private property rights

Question

Quizplus · Accepted Answer

Development economists do not recommend protecting home producers from international competition as it can hinder innovation and efficiency in the market. Instead, they suggest promoting free trade and competition to encourage growth. B, C, and D are all recommended actions to increase economic growth. Letting creative destruction run its course involves allowing failing businesses to exit the market, which can lead to a more efficient allocation of resources. Promoting increased education can lead to a more skilled workforce and higher productivity. Promoting private property rights provides individuals and businesses with the incentives to invest and innovate, as they have greater control and security over their assets.

Which of the Following Do Development Economists NOT Recommend to Nations