To raise productivity, what could policymakers do?

Question

Quizplus · Accepted Answer

Increasing spending on education can lead to a better-educated workforce that can perform tasks more efficiently and can adapt to technological changes, ultimately leading to productivity gains. Lowering tax credits to firms for capital improvements may discourage companies from investing in new technologies or upgrading their infrastructure, which could limit productivity gains. Reducing the number of imports allowed into the economy can limit access to goods and services, potentially driving up costs and reducing productivity. Eliminating minimum wage laws could lead to lower wages for workers, which could reduce their productivity and ultimately harm the economy.

To Raise Productivity, What Could Policymakers Do