Which strategy would be MOST likely to enable a poor country to increase its growth rate? Group of answer choices closing the economy to international trade to promote domestic production nationalizing factors of production to make sure everyone is moving in the same direction collecting private farms into communal farms to exploit economies of scale revising institutions to align individual interests with the social interest
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Which of the following policies do you think would be most effective at boosting growth and living standards in a poor country over the long run? a. Offer tax incentives for investment by local firms b. ” ” ” ” ” by foreign firms c. Give cash payments for good school attendance d. Crack down on govt corruption e. Restrict imports to protect domestic industries f. Allow free trade
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