Suppose you were in charge of establishing economic policy for a small island country whose only industry is trapping. When people aren't trapping they're enjoying leisure time with their families. which of the following polidies would lead to greater economic growth? Check all that apply. O Lowering the income tax, assuming that it encourages people to work longer hours O oeating nationalized industries by confiscating forelgn traps O Uimiting the work week to 35 hours to help workers spend more time with their families O offering free publc education to increase the human capital of the country What is the best measure of labor productivity in this economy? O Animals trapped per year O Animals trapped per hour spent trapping O Animals trapped per trap O Animals trapped per citizen

Suppose you were in charge of establishing economic policy for a small island country whose only industry is trapping. When people aren't trapping they're enjoying leisure time with their families. which of the following polidies would lead to greater economic growth? Check all that apply. O Lowering the income tax, assuming that it encourages people to work longer hours O oeating nationalized industries by confiscating forelgn traps O Uimiting the work week to 35 hours to help workers spend more time with their families O offering free publc education to increase the human capital of the country What is the best measure of labor productivity in this economy? O Animals trapped per year O Animals trapped per hour spent trapping O Animals trapped per trap O Animals trapped per citizen

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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