Multiple Choice
Each of the following statements describes how the political and legal environment encourages productivity,EXCEPT
A) well-defined property rights encourage production and saving.
B) political stability promotes economic growth.
C) the free and open exchange of ideas spreads the development of new technologies.
D) price changes in markets provide suppliers incentives to supply goods to markets.
E) pay rates determined by a governmental planning agency provide workers with the incentive to work hard.
Correct Answer:
Verified
Correct Answer:
Verified
Q46: The table below provides data on Canada's
Q47: Holding all else constant,if average labour productivity
Q48: The cost-benefit principle suggests that higher economic
Q49: The prediction that workers obtain additional training
Q50: Suppose Botswana doubles its income in 8
Q52: Providing workers with on-the-job training will tend
Q53: In Econland,500,000 of the 2 million people
Q54: In Macroland,500,000 of the 1 million people
Q55: People who run businesses on a day-to-day
Q56: Mike and Tom debone chicken breasts for