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
The correct answer is human capital.
The correct answer is: economic freedoms
To determine the answer to this question, we can analyze the given options and evaluate which one aligns with Canada's accomplishments of having a strong economy, low unemployment rate, and high standard of living.
1. Choice capital: This option appears to be redundant, as it is repeated.
2. Free capital: While the concept of free capital is important for economic growth, it alone cannot explain how Canada achieved a strong economy, low unemployment rate, and high standard of living. Free capital refers to the availability of investment funds without restrictions or excessive regulations, which can promote economic growth but is not the sole factor contributing to Canada's success.
3. Economic freedoms: Economic freedoms include various aspects such as free competition, free markets, low taxes, limited government intervention, and protection of property rights. These freedoms create an environment conducive to economic growth and innovation. It is reasonable to assume that Canada's embrace of economic freedoms has had a positive impact on its economy, contributing to its strong economic performance and high standard of living.
4. Human capital: Human capital refers to the education, skills, training, and health of individuals in a country. A well-educated and skilled workforce contributes significantly to economic growth and productivity. Given that Canada has a high standard of living and low unemployment rate, it suggests that the country has invested in developing the human capital of its population.
Based on the analysis, the most appropriate answer would be the combination of "economic freedoms" and "human capital." These two factors have likely played a significant role in Canada's economic success.