Which of the following policies are consistent with the goal of increasing productivity
A. Protect property rights and enforce contracts.
B.Pursue inward-oriented policies.
C. Increase taxes on income from savings.
D. Provide tax breaks and patents for firms that pursue research and development in health and sciences.
A. Protect property rights and enforce contracts.
D. Provide tax breaks and patents for firms that pursue research and development in health and sciences.
Explanation:Productivity is a term used in macroeconomics as the ratio of Gross domestic product (GDP) to the hours worked, it can also be described as the ratio of output to input.
For a developing country that wants to promote increasing productivity and growth it will need to adopt policies that will encourage investments both from within and outside.
SOME OF THE POLICIES THAT CAN BE IMPLEMENTED INCLUDES THE PROTECTION OF PROPERTY RIGHTS AND ENFORCE CONTRACTS AND TO PROVIDE TAX BREAKS AND PARENTS FOR FIRMS THAT PURSUE RESEARCH AND DEVELOPMENT IN HEALTH AND SCIENCES ARE THE POSSIBLE OPTIONS BASED ON THE OPTIONS AVAILABLE.
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