Which of the following is one of the suggested means of increasing the rate of growth of capital per hour of labor or increasing the pace of technological change?

Question

Quizplus · Accepted Answer

Taxing consumption rather than income to encourage saving would incentivize individuals and businesses to save and invest more, which would ultimately increase the rate of growth of capital per hour of labor and support technological change. Reducing the National Science Foundation's budget would likely have the opposite effect, as it could limit funding for research and development. Creating a government agency to manage investments in high tech industries may help to maximize returns, but it could also lead to inefficiencies and political influence over investment decisions. Restricting international trade would hinder economic growth and innovation by limiting access to new technologies and markets.

Which of the Following Is One of the Suggested Means