The president of a developing country has announced that he will implement the following measures which he claims are designed to increase long-run growth: 1. Reduce corruption in the legal system. 2. Reduce reliance on market forces because they allocate goods and services in an unfair manner. 3. Take control of the nation's newspapers and news media sources to ensure that they no longer criticize the government. 4. Encourage trade with neighboring countries. 5. Increase the fraction of GDP devoted to consumption by reducing the fraction devoted to investment.

Question

Lamont Summers

Business

11 May, 06:55

The president of a developing country has announced that he will implement the following measures which he claims are designed to increase long-run growth: 1. Reduce corruption in the legal system. 2. Reduce reliance on market forces because they allocate goods and services in an unfair manner. 3. Take control of the nation's newspapers and news media sources to ensure that they no longer criticize the government. 4. Encourage trade with neighboring countries. 5. Increase the fraction of GDP devoted to consumption by reducing the fraction devoted to investment.

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Answers (1)

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Madilyn Crosby · Answer 1

The appropriate response is first and the fourth choice.

Explanation:

Lessen the debasement in the lawful framework and Encourage the exchange with the neighbouring nations will enable the country to build development over the long haul.

Aside from this, different estimates like lessening dependence available powers and limiting speculation will have an exceptionally impeding impact on the economy.

The last choice will just profit in the short run.