Which of the following is a way to increase economic development?
(1 point)
Responses
raising taxes
raising taxes
investing in education
investing in education
limiting trade
limiting trade
lowering wages
Investing in education.
Which of the following are examples of trade barriers? Select the three correct answers.
(1 point)
Responses
advantages
advantages
tariffs
tariffs
embargoes
embargoes
quotas
quotas
comparatives
Tariffs, embargoes, and quotas are examples of trade barriers.
Which of the following geographic features would most likely have a negative impact on the trade of a country?
(1 point)
Responses
rivers
rivers
irregular coastline
irregular coastline
plains
plains
mountains
Mountains would most likely have a negative impact on trade as they can create physical barriers and make transportation more challenging.
The correct answer is: Investing in education.
To identify which of the following options is a way to increase economic development, we can analyze each option and understand its implications on the economy.
1. Raising taxes: Raising taxes typically means that individuals or businesses have to pay more to the government. While this may increase government revenue, it can also have adverse effects on economic development. Higher taxes can discourage investment and reduce consumer spending, which can hinder economic growth.
2. Investing in education: Investing in education can have positive effects on economic development. By improving the education system, governments can equip individuals with the necessary skills and knowledge for higher-paying jobs. Well-educated individuals are more likely to contribute to innovation, productivity, and economic growth.
3. Limiting trade: Limiting trade refers to adopting protectionist measures such as tariffs or quotas on imported goods. While protectionism may aim to protect domestic industries, it can also create constraints on international trade. Tariffs and trade barriers can decrease competitiveness, limit access to foreign markets, and potentially stifle economic development.
4. Lowering wages: Lowering wages generally means reducing the amount workers are paid. This approach can lead to lower labor costs for businesses and potentially attract more investment. However, it is important to note that lowering wages can also have negative consequences, such as reduced consumer purchasing power and decreased overall economic activity.
Based on these considerations, the option that is most likely to increase economic development is investing in education. Improving education not only benefits individuals but also enhances the overall productive capacity and human capital of a nation, leading to long-term economic growth.