Question:

MACROECON Problem! HELP!!!!!!!?

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A poor country attempts to increase average labor productivity in order to raise real income per person. Which of the following policies is NOT consistent with these goals?

A. Promote consumption spending today

B. Increase the amount spent on research and development

C. Provide additional educational opportunities

D. Borrow technology from abroad

E. Encourage citizens to save more

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3 ANSWERS


  1. A. Promote consumption spending today

    What's necessary for an increase in productivity is an increase in technology or capital.  B will increase technology in the future.  C will increase human capital, raising productivity.  D will increase technology.  E will allow for more investment, which tends to increase the capital stock.  A does not promote any sort of investment or increase in technology.


  2. E

  3. E it is

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