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

All three options can potentially speed up productivity growth. Tax incentives to encourage saving can increase investment in productive assets. Encouraging international trade can lead to more efficient global allocation of resources and the adoption of new technologies. Directing public funds toward financing basic research can spur innovations that enhance productivity.

Which of the Following Policy Actions Could Speed Productivity Growth