Which of the Following Is Most Likely to Help Promote

question 102

Multiple Choice

Which of the following is most likely to help promote the efficient use of resources and rapid economic growth?

• A) high tariffs and imposition of other trade restrictions
• B) high marginal tax rates
• C) an open and competitive capital market
• D) high rates of inflation

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Definitions:

Cookies

Small, sweet baked treats often containing ingredients such as chocolate chips, nuts, or raisins.

Comparative Advantage

The aptitude of a country, individual, or corporation to deliver a service or good at a more affordable opportunity cost compared to competitor parties.

Specialization

The process of focusing work and production on a limited range of activities, leading to increased efficiency and expertise in those areas.

Tonnage

A measurement of weight or volume used to quantify cargo, shipping capacity, or displacement of ships, traditionally measured in tons.