Economists would most likely suggest that advanced nations can best assist in the economic development of developing nations by
A) increasing the amount of military aid to strengthen the government's role in providing law and order.
B) increasing trade barriers so that less-developed nations will become more self-suﬃcient.
C) reducing trade barriers and increasing the amount of private and public capital.
D) decreasing the amounts of private capital or foreign aid to reduce the level of neocolonialism.

Question

Quizplus · Accepted Answer

Economists generally support reducing trade barriers and increasing private and public capital to assist in the economic development of developing nations. This allows for increased market access and investment opportunities, which can lead to economic growth and development. Increasing trade barriers or military aid may not address the underlying problems facing developing nations and could potentially worsen their economic situation. Decreasing private capital or foreign aid may also limit the resources available for development.

Economists Would Most Likely Suggest That Advanced Nations Can Best