Which of the following are important for countries to promote with property rights and incentives if economic growth is to occur?
I.specialization
Ii.saving and investment
Iii.increases in human capital
Iv.discovery of new technology

Question

Quizplus · Accepted Answer

All four options are important for countries to promote economic growth. Specialization allows countries to focus on producing goods and services that they are most efficient at, while saving and investment provide the necessary resources for businesses to expand and innovate. Increases in human capital through education and training can lead to higher productivity and technological advancement, while the discovery of new technology can spur economic growth through increased efficiency and competitiveness. Therefore, all four options are necessary for promoting economic growth, making option A the best choice.

Which of the Following Are Important for Countries to Promote