In order to accumulate wealth, a country should work to:

• A. increase the production of goods and services
• B. reduce all forms of trade with other countries
• C. limit technological innovation to maintain traditional industries
• D. focus solely on the extraction of natural resources

Answer: (A)

Verified step by step guidance

1. Understand the concept of wealth accumulation in a country, which generally depends on increasing the overall production of goods and services, also known as economic growth.
2. Recognize that increasing production involves improving factors such as labor productivity, capital investment, and technological innovation, which lead to more output and higher income.
3. Evaluate the options given: reducing trade, limiting innovation, or focusing only on natural resources typically restrict growth rather than promote it.
4. Recall that trade allows countries to specialize and benefit from comparative advantage, which usually increases total production and wealth.
5. Conclude that the best way for a country to accumulate wealth is to increase the production of goods and services, as this directly contributes to economic growth and higher standards of living.