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A government prints and distributes posters to inspire workers to increase their productivity In which kind of economy does this most likely take place?
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What year did the US government increase its regulation of the economy?
the early twentieth century
Which system involves total government control of a nation's economy?
Communism is the political system that called for government control of the economy.
How would the government most likely respond to decrease in consumer spending?
Lower taxes to make it easier for consumers and business to spend money.
How does the Governemnt solve problems?
The government solves problems by not solving them. In addition to not solving problems; when a problem occurs, the government creates a committee and wastes countless amounts of money on surveys. The surveys conclude that yes there is a problem and the problem is that they spent their payroll budget on surveys and there is no money to fix the problem.
How is fiscal policy controlled?
Taxes, and government spending. Increasing taxes will decrease consumption and supply. Lowering taxes will increase consumption and supply. Increasing government spending will increase national consumption, and decreasing government spending will decrease national consumption. The economics AD-AS model shows a visual representation of the effects of fiscal policy on the economy if you are further interested.
How does technology affect productivity in an economy?
Usually, new technology will increase productivity in the economy. For example, if you replace a human in a factory with a robot that can work twice as quickly without breaks, productivity would increase.
Why is productivity essential for economic growth and development?
Productivity is the baseline of an economy..Increase in Productivity means increase in .GDP.and increase in GDP means increase in the growth of economy..But growth should be balance and based on equity. So,.if productivity rises ,major section of population get food ,who sustain their life in rural areas. Productivity also generate employment opportunities , that makes rise in standard of living. It creates investment opportunities. This way we achieve better performance in development of a country and in HDI.. .
How can a deficit actually increase the productivity of the economy?
by importing investment goods used for capital deepening
How can a trade deficit actually increase the productivity of an economy?
by importing investment goods used for capital deepening
How can a trade deficit actually increase of productivity of an economy?
by importing investment goods used for capital deepening
How can trade deficit annually increase the productivity of an economy?
by importing investment goods used for capital deepening
Does an increase in government spending increase income?
An increase in government spending helps to stimulate an economy. Because the government is now paying other people to do work, those people are now receiving an income. They can then reinvest in the economy, leading to an overall growth in the nation's economy.
Explain how Smith's ideas are evident in the workings of the us economy?
All of Smith's ideas contributed in the American economy which lead to the increase of the productivity and output.
How would the us government most likely react to a boom in the economy?
Increase government spending in order to stimulate the economy
How does the government fiscal policy affect the economy?
When inflation increase
When the government attempts to improve equity in an economy the result is often?
an increase in overall output in the economy
How are Adam smith's ideas evident in our economy today?
all of Smith's ideas contributed in the American economy which lead to the increase of the productivity and output, it also increased the competitions in the market.
