What could policymakers do to raise productivity?
A) increase spending on education
B) lower tax credits to firms for capital improvements
C) reduce the number of imports allowed into the economy
D) eliminate minimum wage laws

Question

Quizplus · Accepted Answer

Increasing spending on education can contribute to higher productivity by improving the skills of the workforce, enabling innovation, and enhancing the ability to adopt new technologies. Education is an investment in human capital, which can lead to long-term economic growth and development. Lowering tax credits to firms for capital improvements may discourage investment in new technologies, while reducing the number of imports allowed into the economy may increase prices and lower the quality of products and services. Eliminating minimum wage laws may reduce labor costs for firms in the short-term, but may also lead to lower motivation and productivity among workers.

What Could Policymakers Do to Raise Productivity