What role does a strong government play in economic development?

It discourages investments in human capital.

It encourages the payment of efficiency wages.

It encourages winner-take-all situations.

It encourages investment by removing corruption.

It encourages occupational crowding.

Expert Solution

Option 4. It encourages investment by removing corruption

Explanation: Corruption reduces incentives to make investments. A strong government can act against corruption, which can encourage investment. Investment is crucial for capital accumulation and economic development.

Rahul Sunny answered 1 year ago

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