Economic growth is often associated with structural change in the economy,and this change can present difficult policy challenges to governments.Which of the following government policies would be most useful at addressing the social costs of economic growth?

Question

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Worker re-training and education programs would be the most useful government policy at addressing the social costs of economic growth. Structural change in the economy can lead to job displacement and income inequality, which can have negative social consequences. Re-training and education programs can help workers adapt to changing labour market demands and acquire new skills, reducing the negative impact of economic growth on workers and their communities. Expansionary monetary policy and reducing income taxes may stimulate economic growth, but they do not directly address the social costs of that growth. The imposition of trade restrictions and subsidies directed at Canadian manufacturing firms may protect jobs in the short term, but they also distort market signals and can create inefficiencies in the long run.

Economic Growth Is Often Associated with Structural Change in the Economy,and