All of the Following Increase Total Factor Productivity Except

question 51

Multiple Choice

All of the following increase total factor productivity except

• A) new inventions.
• B) more capital.
• C) new management techniques.
• D) favorable changes in government regulations.

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Definitions:

Taxation

The process by which a government imposes charges on citizens and corporate entities to finance government spending and public services.

Gasoline Tax

A tax imposed by governments on the sale of gasoline, typically used to fund transportation-related projects.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to tax, resulting in taxpayers paying the same percentage of their income regardless of the income level.

Higher-income Persons

Individuals or households that have an income significantly above the average for a certain society or area.