Determine which of the following statement about economic growth and labourproductivity is true or false.StatementIn attempt to reduce unermployment and todiscourage layoffs, the government requires firmsto continue paying the salary of any worker wholoses their job until they find a new one.Therefore, firms will have little incentive to lay offFalsetheir workers and help to promote growth inlabour productivity.The government should not channel research anddevelopment funds to private industry because itwill not pay off to the economy as a whole andonly benefits the owners of these corporations.[ Select]Next

Economic growth and labor productivity has very close relationship as improved labor productivity…

Determine which of the following statement about economic growth and labour productivity is true or false. Statement In attempt to reduce unemployment and to discourage layoffs, the government requires firms to continue paying the salary of any worker who loses their job until they find a new one. False Therefore, firms will have little incentive to lay off their workers and help to promote growth in labour productivity. The government should not channel research and development funds to private industry because it will not pay off to the economy as a whole and only benefits the owners of these corporations. | Select]

Determine which of the following statement about economic growth and labour productivity is true or false. Statement In attempt to reduce unemployment and to discourage layoffs, the government requires firms to continue paying the salary of any worker who loses their job until they find a new one. False Therefore, firms will have little incentive to lay off their workers and help to promote growth in labour productivity. The government should not channel research and development funds to private industry because it will not pay off to the economy as a whole and only benefits the owners of these corporations. | Select]

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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