All of the following are factors that limit a poor nation's economic growth EXCEPT
A) insufficient capital formation.
B) insufficient controls on free trade.
C) lack of entrepreneurial ability.
D) lack of human capital.

Question

Quizplus · Accepted Answer

Insufficient controls on free trade would not limit a poor nation's economic growth. In fact, it could potentially promote growth by allowing for access to larger markets and foreign investment. The other choices, however, all contribute to limiting economic growth. Insufficient capital formation means the economy does not have enough resources to invest in growth, lack of entrepreneurial ability means there are not enough individuals starting and growing businesses, and lack of human capital means the workforce does not have the necessary skills and knowledge to compete and innovate in the global economy.

All of the Following Are Factors That Limit a Poor