Question

question 1 (1 point) listen which of the following is a key requirement for economic growth? a) high interest rates. b) a well educated workforce. c) low savings levels. d) high levels of current consumption. previous page next page submit quiz 0 of 12 questions saved

Explanation:

To determine the key requirement for economic growth, we analyze each option:

• Option a: High interest rates discourage borrowing for investment, which is not conducive to economic growth.
• Option b: A well - educated workforce has higher productivity, can drive innovation, and is a crucial factor for long - term economic growth.
• Option c: Low savings levels mean less capital available for investment, which hinders economic growth.
• Option d: High levels of current consumption leave less for savings and investment, which is not a key requirement for economic growth.

Answer:

b) A well educated workforce.