If a nation is going to achieve and sustain a high rate of economic growth, it must

1 prohibit low-wage foreign producers from supplying goods to the domestic market.

2 have an abundant domestic supply of low cost energy resources.

3 have a mechanism capable of attracting savings and channeling them into wealth-creating projects.

4 impose regulations that will limit the intensity of competition among domestic firms.

Question

Business

Chanel Vasquez

8 November, 03:17

If a nation is going to achieve and sustain a high rate of economic growth, it must

1 prohibit low-wage foreign producers from supplying goods to the domestic market.

2 have an abundant domestic supply of low cost energy resources.

3 have a mechanism capable of attracting savings and channeling them into wealth-creating projects.

4 impose regulations that will limit the intensity of competition among domestic firms.

+4

Answers (1)

Know the Answer?

Christian · Answer 1

I think the answer is 3.

Explanation:

For a high economy, a nation must have wealth (well there are other factors too) and for wealth it must have a mechanism for attracting savings and channeling the for money and slowly slowly the economy will start growing.