One way to ensure productivity growth would be to
A. restrict immigration.
B. raise the savings rate.
C. increase military spending.
D. slow the introduction of new technology.
B. raise the savings rate.
You might also like to view...
Positive marginal utility implies increasing total utility
a. True b. False
Banks create money when they make loans
a. True b. False Indicate whether the statement is true or false
What do we call financial institutions through which savers can indirectly provide funds to borrowers?
a. stock markets b. financial institutions c. financial markets d. financial intermediaries
When the government of India lowered tariff barriers and removed the need for approvals for routine industrial expansion, what source of growth did this reform change directly?
A. Growth-compatible institutions B. Human capital C. Technology D. Physical capital