Question

What steps can a nation take to achieve economic growth?

a. Invest in physical capital
b. Engage in international trade
c. Focus on increasing imports
d. Invest in human capital
e. Reduce the defense budget

Answer 1

Answer: Invest in physical capital.

Engage in international trade.

Invest in human capital.

Explanation:.

Answer 2

To achieve economic growth, a nation can invest in physical capital, invest in human capital, and engage in international trade.

Step-by-step explanation:

There are several steps a nation can take to achieve economic growth:

1. Invest in physical capital: This refers to the acquisition and improvement of infrastructure, such as buildings, machinery, and transportation systems, which can increase productivity and efficiency.
2. Invest in human capital: This involves improving the education and skills of the workforce, through initiatives like increased spending on teachers and educational resources.
3. Engage in international trade: By participating in global trade, a nation can access new markets, generate employment opportunities, and stimulate economic growth.