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Answer 1. b and d. reason- Economic growth improves when government gives subsides to internet providers in rural areas as it helps people in rural areas gain more knowledge and stay connected with t…View the full answer
Transcribed image text: Principles of Macroeconomies Connect et 4: Chapters 26… 0 Saved Help Save & Exit Sub 1. Which of the following are examples of government policy that could likely increase productivity or promote economic growth? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. A tax on interest from savings. Government subsidies to providers who expand broadband Internet service to rural towns. Stricter regulations to protect the environment. Tax credits for businesses who invest in basic research. 2. Countries that achieve economic growth have property rights and markets which provide incentives for discovering new technologies, place high taxes on saving and investment to discourage the outflow of capital. restrict international trade so that domestic industries can grow. place controls on property rights so that firms are protected from competition have economies that allow the government to make decisions in evervone's best interests K Prev 24 of 33 HE Next > 14: Chapters 26… 0 Saved Help Save & Exit Submit 3. When a country removes trade barriers and imports appliances and exports engineering services, O it is essentially transforming engineering services into appliances O its economic well-being decreases while that of the country that sells appliances increases. O its productivity decreases. its growth rate slows. 4. In the 19th century John Deere took out a patent on a newly designed plow that incorporated steel to make plowing faster. Many farmers bought plows from his company and he made millions. This example shows that patents turn an idea into a a private good rather than a public good. This gives the company or any other company looking to innovate more incentive to engage in research and development of new products. O a public good rather than a private good. This gives the government less incentive to tax firms that engage in research and development of new products, a societal good rather than a private good. This gives the government greater incentive to fund private research. a public good rather than a private good. This gives the company or any other company looking to innovate more