Which of the following will contribute to economic growth? a. Technologies that reduces production costs. b. Higher taxes. c. Lower taxes. d. Tightened industrial pollution regulations. e. None of the above.

2. You are a manager at a large shampoo company and on the search for future markets. You identified two low income countries that look very dynamic: Country A has a GDP/capita growth rate of -1% and population growth rate of 9%. Country B has a GDP/capita growth rate of 7% and constant population. (a) Discuss which country you should focus on for your expansion. (b) Discuss if your answer would change if the products you are trying to sell are cars.

Which of the following statements best describes the relationship between Economic Growth and Literacy Rates ?   A. Literacy Rates decline as Economic Growth improves because Education is less useful in a developed economy.   B. Increased Literacy initially stimulates Economic Growth by improving Labour Productivity but declines as the Opportunity Cost of Education increases with long-term Economic Growth.   C. Increased Literacy stimulates Economic Growth by increasing Labour Productivity; People consume more Education as the Economy continues to grow.   D. There is no correlation between Economic Growth and Literacy Rates.

Explain what policies can a government undertake to achieve faster economic growth?

Which of the following is the cost of economic growth?   a. sacrifice of greater safety   b. opportunity costs of workers’ time   c. sacrifice of a cleaner environment   d. all of the above

What can a government do to promote economic growth? Use examples to illustrateyour points