If Government Policies Are to Be Successful in Enhancing a Country's

question 21

Multiple Choice

If government policies are to be successful in enhancing a country's long-run growth rate,they likely work through generating

• A)higher levels of current consumption.
• B)greater private investment in physical and human capital.
• C)an increase in current consumption and a reduction in saving.
• D)a leftward shift in the AS curve.
• E)fiscal policies that shift the AD curve to the right.

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Definitions:

Competitiveness

The ability of a company, country, or individual to produce goods and services at a lower cost, higher quality, or more innovatively than competitors.

Labor Costs

The expenses incurred by an employer for their workforce, including salaries, benefits, and taxes.

HR Factors

Refer to the various elements such as recruitment, selection, training, compensation, and employee relations that influence the functioning and success of the Human Resource department.