Log in
Economics
3
answers
0
watching
204
views

To increase living standards, policymakers should

  1. impose a restriction on foreign competition.
  2. formulate policies designed to increase productivity.
  3. impose tougher immigration policies.
  4. provide tax breaks for the middle class

Watch
3
answers
0
watching
204
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Shree Harini V
Shree Harini VLv5
2 Sep 2020
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Economists often lament the low level of national saving. Low saving impedes capital growth, productivity, and living standards. For this reason, economists tend to favor policies designed to increase saving. Suppose that all Canadians choose to increase their saving. What would be the effect of increased saving on the value of the dollar and on net exports?

1. A government limit on the quantity or total value of imports of a specific product is known as which of the following?

A.An import quota

B.An export subsidy

C.A protective tariff

D.An excise tax

Ā 

2. Suppose there is a policy debate over whether the United States should impose trade restrictions on imported semiconductors:

A congresswoman from a state with several semiconductor factories explains that it is necessary to impose trade restrictions, such as a tariff, on the semiconductor industry to protect workers in the domestic semiconductor industry. The congresswoman claims that without trade protection, there will be layoffs, causing many U.S. workers in the semiconductor industry to be unemployed.

Which of the following justifications is the congresswoman using to argue for the trade restriction on semiconductors?

A.National-security argument

B.Unfair-competition argument

C.Saving-domestic-jobs argument

D.Using-protection-as-a-bargaining-chip argument

E.Infant-industry argument

True

False

Moral hazard exists when a person does not have high moral standards

True

False

Hope scholarship was aimed to make colleges more affordable

True

False

Companies who offer rebates for safe driving are trying to deal with the moral hazard problem

True

False

Past health history is an example of a hidden action

True

False

The market for lemons explains the adverse selection problem

True

False

An increase in wages increases productivity

True

False

Going to college increases your human capital

True

False

Political stability is an important factor in a country's standard of living

True

False

Immigration decreases productivity

True

False

Japan has a limited amount of natural resources

True

False

A future contract is beneficial to the farmer when prices of the commodity rise

True

False

Stocks are usually safer than bonds and have higher return rates

True

False

Value of bond increases as interest rates increase

True

False

The market efficiency hypothesis says that all stocks are fairly valued

True

False

One of the determinants of the stock price is the future profitability of a company

True

False

The majority voting rule is always better than the plurality voting rule

True

False

Politicians always agree with each other because they want to implement the same policies

True

False

The median voter decides the outcome of the election in case of a tie

True

False

Lobbyists promote policies supported by the majority of voters

True

False

The individual vote is most likely not going to determine the outcome of a major election

Ā 

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in