A nation can accelerate its economic growth by: O a. imposing tariffs and quotas on imported goods. b. printing more money. c. reducing the number of immigrants allowed into the country. d. adding to its stock of capital. O O O
Accelerating the economic growth of the nation cannot be done by printing more money in the economy as it would increase the supply supply to a great extent which isn't required and the economy can get into huge inflation. Neither imposing huge tariffs and quotas on imports is going to accelerate economic growth as that would even hamper the needs of the consumers for the commodities or resources which are not available in the domestic country.
Reducing the number of immigrants in the country isn't going to help the nation to increase the pace of growth but adding to the stock of capital in the nation would for sure help in accelerating the economic growth of the nation. More savings and investments can enhance the situation of the economy. Through increased investments, more can be produced and it will lead to economic growth of the nation.
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