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) the free and open exchange of ideas spreads the development of new technologies.
D) price changes in markets provide suppliers incentives to supply goods to markets.
E) pay rates determined by a governmental planning agency provide workers with the incentive to work hard.
Correct Answer:
Verified
Q83: _ start new economic enterprises,or innovate new
Q84: Governments contribute to increased average labour productivity
Q85: Usually,an abundance of natural resources _ average
Q86: Economies with booming natural resource sectors often
Q87: Three workers run a house painting business
Q89: Three workers run a house painting business
Q90: The quantity and quality of human capital,physical
Q91: Entrepreneurs contribute to increased average labour productivity
Q92: Business managers are people who
A) engage exclusively
Q93: Managers contribute to increased average labour productivity
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