You Are an Economic Consultant and Have Been Contacted by an Official

question 9

Multiple Choice

You are an economic consultant and have been contacted by an official from a developing country.She tells you that her country's economy is currently growing at 2 percent per year.She asks you how long it will take for her country's economy to double in size; you tell her it will take 35 years.She then asks you what the government can do to shorten the time necessary to double the size of the country's economy.What should you tell her?

• A) Cut taxes and government spending.
• B) Encourage the development of growth-positive institutions.
• C) Increase barriers to international trade.
• D) Immediately halt all immigration.
• E) Suspend the rule of law.

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Definitions:

Incompatible

Unable to exist or work together in harmony due to differences in characteristics, objectives, or properties.

Cohesive Work Groups

Teams whose members work well together, creating a unified and supportive environment that fosters productivity and positive relations.

Turnover

The speed at which workers depart from an organization and new workers take their place.

Intrinsic Motivation

Motivation driven by an interest or enjoyment in the task itself, rather than external factors like rewards.