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]

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 9SCQ: Would the following events usually lead to capital deepening? Why or why not? A weak economy in...

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Say that the average worker in the U.S. economy is eight times as productive as an average worker in Mexico. If the productivity of U.S. workers grows at 2 for 25 years and the productivity of Mexicos workers grows at 6 for 25 years, which country will have higher worker productivity at that point?
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