A Recommended Policy for Developing Countries to Stimulate Economic Growth

question 109

Multiple Choice

A recommended policy for developing countries to stimulate economic growth would be

• A) abolishing central banks.
• B) more central planning by government.
• C) encouraging more direct foreign investment.
• D) expanding employment in state industries.

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Definitions:

Confidence

The feeling or belief that one can rely on someone or something; firm trust and self-assurance in one's powers, abilities, or qualities.

Entrepreneurs

Individuals who innovate, create, manage, and assume the risks of a business venture in pursuit of profits and growth.

Administrators

Individuals who are responsible for managing and overseeing the operations of organizations or parts of organizations, ensuring that they function efficiently.

Risk Taking Behavior

The propensity to engage in activities that have the potential to result in significant loss or gain.