Which of the following is most likely to lead to higher economic growth?

Choose 1 answer:
(A) High levels of taxation.
(B) High levels of distrust in the banking system.
(c) High levels of infrastructure development.
(D) Low levels of diffusion of technology.
(E) Low levels of immigration.

Question

Which of the following is most likely to lead to higher economic growth?

Choose 1 answer:
(A) High levels of taxation.
(B) High levels of distrust in the banking system.
(c) High levels of infrastructure development.
(D) Low levels of diffusion of technology.
(E) Low levels of immigration.

Accepted Answer

∻Solution by Steps∻ ‖ step 1 ⋮ Identify the factor most likely to lead to higher economic growth from the given options. ‖ ‖ step 2 ⋮ Evaluate the impact of each option on economic growth based on economic theories and empirical evidence. ‖ ‖ step 3 ⋮ Recognize that infrastructure development is a key driver of economic growth as it enhances productivity and connects markets. ‖ ∻Answer∻ ***C*** ∻Key Concept∻ ⚹Infrastructure Development and Economic Growth⚹ ∻Explanation∻ ⚹High levels of infrastructure development are widely recognized as a significant factor contributing to economic growth, as they improve efficiency, productivity, and connectivity.⚹◊What is the probability of randomly selecting the option most likely to lead to higher economic growth in this multiple-choice question related to economics?⍭ Generate me a similar question◊

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