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Posted 2 months ago

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.
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Answer from Sia
Posted 2 months ago
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
Key Concept
Infrastructure Development and Economic Growth
High levels of infrastructure development are widely recognized as a significant factor contributing to economic growth, as they improve efficiency, productivity, and connectivity.

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