Research and Development Contributes Most to Productivity Growth Through Its

question 108

Multiple Choice

Research and development contributes most to productivity growth through its impact on the

• A)quantity of labor available
• B)quantity of capital goods available
• C)quality of labor available
• D)quality of capital goods available
• E)use of energy

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Definitions:

Regressive Effect

A situation where a policy or economic condition disproportionately impacts lower-income individuals more negatively than those with higher incomes.

Proportional

Proportional refers to a relationship or distribution in which changes in one variable correspond to equal changes in another variable.

Social Security Tax

A tax levied on both employers and employees to fund the Social Security program, which provides retirement, disability, and survivorship benefits.

Payroll Tax

Dues collected from employees or employers, calculated by taking a fraction of the pay employers give to their workers.