Which of the following would not enhance economic growth?

a. Subsidies for investments in physical capital
b. An increase in the corporate profits tax
c. Subsidies for investments in human capital
d. A tax cut that encourages saving
e. Subsidies for research and development expenditures

B

Economics

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A restaurant hires cooks and waiters. Cooks earn $10 an hour; waiters earn $5 an hour. The manager, who wants to maximize the number of meals served given a fixed payroll of $45 per hour, expects the following from cooks and waiters: Given the above information, and given the fixed payroll, the maximum number of meals that can be served is

A. 670. B. 850. C. 1,130. D. 240. E. none of the above

Economics

The specific technology chosen by a profit-maximizing clothing manufacturer depends on

A. demand for the output. B. supply of the output. C. input prices. D. output prices.

Economics