Asked by Saatvic Arora on Jun 21, 2024
Verified
The goal of supply-side policies is to ________.
A) increase government involvement in the economy
B) create an environment where workers and owners of capital have the maximum incentive and ability to produce and develop goods
C) maximize tax revenues of the government
D) focus more on wealth redistribution policies
Supply-Side Policies
Economic strategies aimed at increasing production and supply by improving the efficiency and incentives for businesses to produce goods and services.
- Recognize the importance and impact of supply-side policies in the economy.
Verified Answer
DR
Danyal Rizwan
Jun 27, 2024
Final Answer :
B
Explanation :
Supply-side policies aim to create an environment in which workers and owners of capital have the maximum incentive and ability to produce and develop goods. This includes policies such as reducing tax rates on businesses and individuals, reducing regulatory burdens, and promoting free trade. The ultimate goal is to increase productivity and economic growth, which can lead to increased employment, higher wages, and greater prosperity for all. The other choices are not accurate descriptions of supply-side policies.
Learning Objectives
- Recognize the importance and impact of supply-side policies in the economy.
Related questions
The School of Economic Thought That Emphasized the Importance of ...
The Objective of Supply-Side Economics Is to ____________ ...
The ________ Curve Describes the Relationship Between Tax Rates and ...
Each of the Following Were Created Under the New Deal ...
Supply-Side Economics Tends to Focus on ________ ...