Question

The United States is able to experience economic growth to the extent that

Answer 1

Answer:

The correct answer is the option E: consumers are encouraged to buy domestically produced goods.

Explanation:

To begin with, in order to the economy to grow the country must encourage the consumers to buy more domestically produced goods so that the when the demand increases so does that income of the firms and that impacts in the demand that the companies do as well. Therefore that the country, and that is, the firms and the government, should encourage the increase of consumption from the buyers in order to intend to experience an economic growth.

Answer 2

Answer:

E. Consumers are encouraged to buy domestically produced goods.

Explanation:

When any economy is experiencing growth, the main driver of that is to make sure that the specialization occurs in producing quality goods and services and then trade is encouraged. But since, here we are talking about the already achieved economic growth by the US, now they are only encouraged to buys locally produced goods as now they have the capability and quality to produce the same goods they once imported from other countries.

Hope this clears the concept here.

Good luck.