Question

Suppose pennsylvania produces only steel and barley, with fixed amounts of land, labor, and capital resources. which scenario best sets the stage for economic growth?

Answer 1

The scenario that best sets the stage for economic growth is The percentage of Pennsylvania residents with a college degree rises from 25% to 30%.

What would lead to economic growth?

There are several things that can lead to economic growth and one of them is the increase in the quality of human capital.

If human capital in a place are able to become more educated and skilled in production, then there would be a good chance of production improving and economic growth coming. This is why a greater percentage of  Pennsylvania residents having college degrees would lead to economic growth.

Options for this question include:

• The unemployment rate in Pennsylvania rises from 5% to 6%.
• The percentage of Pennsylvania residents with a college degree rises from 25% to 30%.
• The United States imports more and more low-cost steel from Asian countries.
• The Northeast has a devastating drought.

Find out more on factors affecting economic growth at brainly.com/question/14938585

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