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.

Question

Quizplus · Accepted Answer

I. Tax incentives to encourage saving can lead to increased investment, which can drive productivity growth. 
II. Encouraging international trade can introduce new technologies and competition, driving innovation and productivity growth. 
III. Directing public funds toward financing basic research can lead to new discoveries and technological advancements, driving productivity growth. Combining all three policies can have a synergistic effect on driving productivity growth.

Which of the Following Policy Actions Could Speed Productivity Growth