Read the following passage to answer the question: Various countries, including South Africa, China and India, have established Special Economic Zones (SEZs) within their domestic economies. Firms that operate within these SEZS receive several incentives including tax relief, rent- free land, capital investment and training. This is done with the expectation to increase exports and to create job opportunities for local communities. Based on the passage, which one of the following statements regarding supply factors and demand factors that affect economic growth, is true? Select one: a. Tax relief, capital investment and training are not supply factors, nor demand factors.

Read the following passage to answer the question: Various countries, including South Africa, China and India, have established Special Economic Zones (SEZs) within their domestic economies. Firms that operate within these SEZS receive several incentives including tax relief, rent- free land, capital investment and training. This is done with the expectation to increase exports and to create job opportunities for local communities. Based on the passage, which one of the following statements regarding supply factors and demand factors that affect economic growth, is true? Select one: a. Tax relief, capital investment and training are not supply factors, nor demand factors.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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