The U.S. government provides a research and development tax credit. How can this policy encourage economic growth?
A) Firms get tax credits for sourcing inputs locally, and this encourages local economic growth.
B) It encourages firms to engage in innovation and creative practices, which lead to technological advances that spur economic growth.
C) It supports firms in their efforts to produce environmentally friendly products and services.
D) Firms are encouraged to reuse existing capital, and this leads to a more efficient use of existing capital.
Correct Answer:
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Q1: Economic growth in a country leads to:
(i)
Q2: The Industrial Revolution led to:
(i) increased intellectual
Q3: A production function is:
A)the amount of money
Q4: Which of the following scenarios shows a
Q6: Human capital refers to:
A)worker skills and knowledge.
B)work
Q7: In Canada, the Ontario government provides a
Q8: Physical capital refers to:
A)the money available for
Q9: The aggregate production function connects:
A)products to the
Q10: Along the same aggregate production function, the
Q11: The aggregate production function is represented as:
A)Y
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