Which of the following will not lead to economic growth?Question 21Select one:a.increased immigrationb.restrictions on international tradec.introduction of faster computersd.opening all federal lands to mining
Question
Which of the following will not lead to economic growth?Question 21Select one:a.increased immigrationb.restrictions on international tradec.introduction of faster computersd.opening all federal lands to mining
Solution
The option that will not lead to economic growth is b. restrictions on international trade.
Here's why:
a. Increased immigration can lead to economic growth as it increases the labor force and thus potentially increases the overall productivity of the economy.
b. Restrictions on international trade can hinder economic growth as it limits the market for domestic producers and can lead to inefficiencies. Free trade allows countries to specialize in what they do best and to enjoy a wider variety of goods and services at lower prices.
c. The introduction of faster computers can lead to economic growth as it can increase productivity.
d. Opening all federal lands to mining could potentially lead to economic growth as it could increase the production of valuable resources. However, this could also have negative environmental impacts which could have long-term economic costs.
Similar Questions
Which of the following would likely slow a nation's economic growth?Elimination ToolSelect one answerAA decrease in the educational attainment of the population.BAn increase in the supply of money in circulation.CA decrease in personal income taxes.DAn increase in subsidies going towards medical research.EAn increase in government spending towards improving technology.
Which one of the following options would NOT lead to an increase in labour productivity? A. Encouraging foreign direct investment by weakening restrictions which limit foreign entities' ownership of domestic capital. B. Increasing immigration by removing visa caps thus growing the size of the working population. C. Developing new technologies which automate most remaining factory jobs resulting in mass job losses in the manufacturing sector. D. Introducing free higher education for all citizens leading to an increase in the proportion of adults with bachelor's degrees.
A change in which of the following can affect the long-run economic growth of a country?I. TechnologyII. Money SupplyIII. Human CapitalIV. Physical CapitalV. Government Spending
Discuss two different ways of how trade barriers can slow down global economic growth?
Which action would the government most likely take in order to increase economic growth?A.Tax harmful products like cigarettesB.Raise taxes on middle-class incomesC.Stop paying out Social Security benefitsD.Increase spending on a job training program
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.