The President of the nation of Nyumba wants to increase productivity but does NOT want to...
The President of the nation of Nyumba wants to increase productivity but does NOT want to spend any additional monies on physical or human capital investment. He has asked you to suggest at least two other public policies to help the nation and briefly explain to him why these will garner a rise in overall production.
Homework Answers
One method in which you can actually increase the overall production is by reducing the tax rates so that the organisation can buy more input so that the production can increase all in all. This reduction of tax rates is also a part of fiscal policy.
another way in which production can be increased is by increasing the minimum wage so that more skilled workers can come into the industry as a result of which productivity can increase and with this production levels also increase at a given input level all in all.
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The President of the nation of Nyumba wants to increase
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TEXT Alternative: Suppose you were in charge of establishing economic policy for a small island country...
TEXT Alternative:
Suppose you were in charge of establishing economic policy for a
small island country whose only industry is fishing. When people
aren't fishing, they're enjoying leisure time with their
families.
Which of the following policies would lead to greater economic
growth? Check all that apply.
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TEXT Alternative:
Suppose you were in charge of establishing economic policy for a
small island country whose only industry is fishing. When people
aren't fishing, they're enjoying leisure time with their
families.
Which of the following policies would lead to greater economic
growth? Check all that apply.
Imposing a tax on fishing boats (a form of capital)
Lowering the income tax, assuming that it encourages people to
work longer hours
Subsidizing research and development into new fishing
technologies
Offering free...
has to spend s] When the consumer price index falls, the typical family fewer dollars to maintain the same standard of living. economy' s overall price level is rising. which to choose, and this in turn increases the cost of maintaining the 6l Economists use the term inflation to describe a situation in which the 17) When a new good is introduced, consumers have more variety from same level of economic well-being. 18) The real interest rate is the interest...
please help me to answer all quations
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