Liskos, a country in South America, has a command-based economy. It wants to increase the supply and efficiency of its labor force. Which of the following techniques can it use to achieve this?
A) It can encourage people to work more hours.
B) It can decrease the retirement age of its citizens.
C) It can try to achieve a high Gini coefficient.
D) It can increase the reserve requirement.

Question

Quizplus · Accepted Answer

Encouraging people to work more hours can directly increase the supply of labor, thereby potentially improving efficiency if managed well.

Liskos, a Country in South America, Has a Command-Based Economy