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Question
select all the correct answers. what steps can a nation take to achieve economic growth? invest in physical capital engage in international trade focus on increasing imports invest in human capital reduce the defense budget
Investing in physical capital (like machinery and infrastructure) can boost productivity. International trade allows access to larger markets and specialization. Investing in human capital (education and skills) improves workforce quality. Focusing only on increasing imports may not necessarily lead to growth if it causes trade - deficits. Reducing the defense budget doesn't directly and always lead to economic growth.
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invest in physical capital, engage in international trade, invest in human capital