Question

For each of the following examples, state whether this activity would hinder or promote economic growth and name the component of productivity that will be affected.

For each of the following examples, state whether this activity would hinder or promote economic growth and name the component of productivity that will be affected. a. Not requiring students to attend school b. Granting patents on new inventions c. Building a solid infrastructure system d. Allowing local rivers and streams to become polluted Impact on economic growth Hinder Promote Promote Hinder Component of productivity Human capital Technology Physical capital Natural resources

is my answer correct?

Answer 1

All the answers given are correct,

Better education will benefit the human capital and that will benefit the economy, slowing down education will hinder the growth, Patents will promote more research and development. Building a solid infra structure will promote the growth the market by increasing the physical capital and local rivers if cleans can promote lot of economic activity and are valuable natural resources.