QuestionAugust 26, 2025

Which of the following is a way to increase economic development? (1 point) raising taxes investing in education limiting trade lowering wages

Which of the following is a way to increase economic development? (1 point) raising taxes investing in education limiting trade lowering wages
Which of the following is a way to increase economic development?
(1 point)
raising taxes
investing in education
limiting trade
lowering wages

Solution
4.6(209 votes)

Answer

Investing in education Explanation 1. Identify Economic Development Factors Economic development is often increased by improving human capital, infrastructure, and innovation. 2. Evaluate Options Raising taxes can reduce disposable income; limiting trade can restrict market access; lowering wages can decrease consumer spending. Investing in education improves skills and productivity.

Explanation

1. Identify Economic Development Factors<br /> Economic development is often increased by improving human capital, infrastructure, and innovation.<br /><br />2. Evaluate Options<br /> Raising taxes can reduce disposable income; limiting trade can restrict market access; lowering wages can decrease consumer spending. Investing in education improves skills and productivity.
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