toput?sher ? .secure 259190158197055341 305650091&snapsh; MINDTAP Aplia Homework

Question

toput?sher ? .secure 259190158197055341 305650091&snapsh; MINDTAP Aplia Homeworkc Productivity and Growth 2. Productivity, growth, and the per-worker production function Suppose you were in charpe of establishing economic policy for a small island country whose only industry is fishing. When people aren't fishing they're erjoying leisure time with their families Which of the following polioes would lead to greater economic growth? Cheok all thet apply. Lowering the income tax, assuming that iR encourages people to work longer hours mposing a tax on tishing boats (a form of capita) Subsidizing research and development into new fishing technologies Umiting the work week to 35 hours to help workers spend more time with their famies What is the best measure of labor productivilty in this economy Fish caught per year Fish caught per citiren Fish caught per hour spent fishing Fish caught per Rishing boat The leader of the country decides how many people should fish each day, and how many fshing bosts the country shouls have. Suppose she sugoets ncreasing the number of people assigned to fishing without changing the number of fishing boats. The effect of this polcy would be in capital per worker and the per-worker prduction function, resulting in ? 2 3 4 5 6

Explanation / Answer

subsidizing research and development of new fishing technologies will result in economic growth as it will improve the productivity of the citizens in that country.

Fish caught per hour spent is the best measure of labor productivity.

lower per worker production function

lower capital per worker

lower output per worker

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.