Which of the Following Will Be Required for a Country

question 10

Multiple Choice

Which of the following will be required for a country to move up the income ladder and achieve high-income status?

• A) rapid growth of the money supply.
• B) restrictions limiting the import of goods from other nations, particularly low-wage countries.
• C) tax incentives that encourage consumption rather than investment
• D) sustained economic growth

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Definitions:

Risk Evaluation

The process of identifying potential risks in a project and assessing the likelihood and potential impact of those risks.

Potential Risk

The possibility of an event occurring that could negatively affect the accomplishment of objectives.

Potential Impact

A possible effect or outcome that a specific action or event might have on something or someone.

Direct Correlation

A relationship between two variables where an increase or decrease in one variable directly causes the same change in the second variable.