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) Price changes in markets give suppliers incentives to supply goods to markets.
D) Pay rates determined by a governmental planning agency provide workers with stronger incentives to work hard than market wages.
Correct Answer:
Verified
Q103: The establishment of well-defined property rights increases:
A)average
Q109: Each of the following increases average labor
Q115: Most political scientists and economists agree that
Q116: The quantity and quality of human capital,
Q116: U.S. productivity growth has rebounded since 1995
Q123: The costs of economic growth include all
Q130: Additional economic growth should be pursued when:
A)new
Q131: In order to increase the capital stock,
Q133: To increase future living standards by pursuing
Q153: Real GDP is not a perfect measure
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