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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.

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Answers (1)
  1. 8 November, 06:26
    0
    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.
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