Each of the following statements describes how the political and legal environment encourages productivity except:
A) Well-defined property rights encourage production and saving.
B) Political stability promotes economic growth.
C) Price changes in markets give suppliers incentives to supply goods to markets.
D) Pay rates determined by a governmental planning agency provide workers with incentives to work hard.
Correct Answer:
Verified
Q115: Most political scientists and economists agree that
Q116: The quantity and quality of human capital,
Q117: People who create new economic enterprises are
Q118: The implementation of new production methods by
Q119: People who run businesses on a day-to-day
Q121: Advances in information and communication technology are
Q122: The benefits of economic growth are _,
Q123: The costs of economic growth include all
Q124: An example of a government policy to
Q125: More economic growth is not necessarily better
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