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 provide suppliers incentives to supply goods to markets.
D) Pay rates determined by a governmental planning agency provide workers with the incentive to work hard.
Correct Answer:
Verified
Q81: The application of new technologies to the
Q85: The introduction of new technologies to production
Q90: Managers contribute to increased average labor productivity
Q90: Business managers are people who:
A)engage exclusively in
Q91: Entrepreneurs are people who:
A)engage exclusively in business
Q99: When new technologies are applied to the
Q103: The establishment of well-defined property rights increases:
A)average
Q107: Well-defined property rights:
A)are clearly written in English.
B)restrict
Q110: The introduction of an overnight delivery service
Q113: Average labor productivity is determined by:
A)consumption, investment,
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