Which of the following policy actions could speed productivity growth?
I. Tax incentives to encourage saving
II. Encouraging international trade
III. Directing public funds toward financing basic research
A) II only
B) I and III
C) I only
D) I, II, and III
D
You might also like to view...
Discuss the effects of government deficits on the current account
What will be an ideal response?
The opportunity cost of producing one keg of beer in Italy is
A. 3/2 pizzas.
B. 12 pizzas.
C. 4 pizzas.
D. 1/12 pizzas.
Government can raise GDP by $1,000 billion by
A. raising government purchases B. reducing taxes C. increasing transfer payments D. all of the above
When maximizing economic growth is a country's goal it:
A. creates a perfect correlation to happiness, if the money is allocated fairly. B. everyone in the economy will be better off if it obtains its goal. C. may work in opposition to the country's happiness in terms of satisfaction gained from leisure. D. increases the correlation to the country's happiness, because more money makes people happier.