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Subject - Economics:

Macroeconomics

MCQ - 171-4181

Question:

Labor productivity and economic growth increase if

  1. a nation subsidizes education for all citizens.
  2. a nation imposes tariffs and quotas on imported goods.
  3. a nation removes penalties for firms that pollute natural resources.
  4. a nation imposes tariffs and quotas on imported goods.
  5. a nation taxes income from interest on saving.

Correct Answer: A

Explanation:

Subsidized public education is an investment in human capital and greatly increases labor productivity over time. This is one of the determinants of economic growth.

Record Performance

269 MCQ for effective preparation of the test of Macroeconomics of Economics section.

Read the MCQ statement: Labor productivity and economic growth increase if , keenly and apply the method you have learn through the video lessons for Macroeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 171-4181.

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