Which of the Following Policy Actions Could Speed Productivity Growth

question 256

Multiple Choice

Which of the following policy actions could speed productivity growth?
I. Tax incentives to encourage saving
II. Encouraging international trade
III. Directing public funds toward financing basic research

• A) II only
• B) I and III
• C) I only
• D) I, II, and III

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Definitions:

Alternative Dispute Resolution (ADR)

Various methods outside the judicial process used to resolve conflicts and disputes, such as arbitration and mediation.

Arbitration

A form of alternative dispute resolution where a neutral third party, known as an arbitrator, makes a binding decision to resolve a dispute between two or more parties.

Alternative Dispute Resolution (ADR)

A range of processes, such as mediation and arbitration, to resolve conflicts outside of traditional court settings.

Mediation

A form of alternative dispute resolution where a neutral third party helps the disputing parties reach a mutually acceptable agreement.