Canada has created one of the strongest economies in the world, a low unemployment rate, and a high standard of living by investing in what?(1 point)
choice capital choice capital free capital free capital economic freedoms economic freedoms human capital
human capital
Canada has created a strong economy, low unemployment rate, and high standard of living by investing in a combination of factors, including human capital, economic freedom, and physical capital.
To determine the answer to this question, we need to understand the factors that contribute to Canada's strong economy, low unemployment rate, and high standard of living.
One key concept that can explain Canada's success is the investment in human capital. Human capital refers to the skills, knowledge, and abilities of the workforce. By investing in education, healthcare, and training programs, Canada has developed a highly skilled and productive workforce. This has facilitated innovation, productivity growth, and economic development in the country.
Additionally, economic freedoms play a significant role in Canada's success. Economic freedoms refer to the ability of individuals and businesses to conduct economic activities without excessive government regulations and barriers. Canada has a business-friendly environment with relatively low levels of bureaucratic red tape and corruption. This encourages entrepreneurship, investment, and economic growth.
Therefore, the correct answer to the question is "human capital" and "economic freedoms."