Which production factors are easiest to influence through government policies?

1 answer:

6 0

Labor and capital can be more easily influenced by goverment policies than land or natural resources, which cannot be boosted in a certain country if its territory lacks reserves of such inputs.

Labor demand and supply can be easily influenced by the manipulation of a minimum wage level. If such minimum wage is established over the market equilibrium, wages paid would increase and employers would decrease the amount of labor demand. If the minimum wage is eliminated, demand would be enhanced.
Capital demand and supply can be influenced, for example, by the imposition of taxes. If the transactions for the purchase of physical capital require the payment of high taxes, producers would demand less and delay as much as possible the replacement of the equipment. On the other hand, if taxes are eliminated or subsidies are established they would take the opportunity to replace the machines.

You might be interested in

Q4. One of Magellan's ships explored the ___ of South America for a passage across the continent.

Anna007 [38]

Answer:

Key.

Explanation:

It's the key of South America.

5 0

3 years ago

Question

sertanlavr [38]

The statement that best describes about the US as it has a mixed economy. The government protects individual rights, such as minimum pay for work and choices in goods and services. Thus 4th option is correct.

<h3>What Is government?</h3>

Government refers to the group of the people or the single person who governs the nation. it is the role of the government to protect the nation from the outsiders attack.

In Case of the US government it provides the fundamental rights to its citizens that is right to freedom, right to information, right to equality, right to speech etc.

It also protects the rights of the individual by providing the right to get the minimum wages or pay at the workplace.

US follows the concept of the mixed economy which means involvement of both public as well as the government entity for the production of the goods and services.

Thus 4th option is correct.

Learn more about mixed economy here:

brainly.com/question/13425598

#SPJ1

3 0

2 years ago

How did the american colonists win the war for independence against britain?

Vinvika [58]

The American Continental Army however believed that they had a fighting chance. The main reason was because the colonists had more to lose than the British. Since they were fighting for freedom in their home they had everything to lose if they did not win the war

7 0

4 years ago

What does the map indicate about the effect of nationalism in Austria-Hungary?

erica [24]

I would say the correct answer is D. Austria-Hungary would no longer exist if every ethnic group got its own independent territory.
As you can see, Austria-Hungary consisted of many ethnic groups at the time, including Germans, Poles, Slovenes, etc. What this meant for the nationalism is that each of these ethnic groups wanted their independence and to separate from Austria-Hungary. And if they did that, there would no longer be Austria-Hungary, but rather a bunch of new countries in Europe.

4 0

3 years ago

Read 2 more answers

Which statment reveals the extent of William M. “Boss” Tweed’s influence over New York City government in the late 1800s?

larisa [96]

The statement that reveals the extent of william M "boss" tweed influence over new york city government in the late 1800s would be : tweed got his hand-picked candidates elected governor and mayor,
which make william M. Tweeds practically legally untouchable within the are

hope this helps

5 0

4 years ago

Read 2 more answers