Question

5. economic growth and public policy suppose hondamaha, a motorcycle manufacturing firm headquartered in japan, builds a production plant in arizona. this is an example of foreign investment in the united states. which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? check all that apply. increasing taxes on income from savings pursuing inward-oriented policies protecting property rights and enforcing contracts providing tax breaks and patents for firms that pursue research and development in health and sciences in less developed countries, what does the term brain drain refer to? rapid population growth that increases the burden on the educational system lower productivity due to a malnourished workforce rapid population growth that lowers the stock of capital per worker the emigration of highly skilled workers to rich countries

Answer 1

Increasing taxes on income from savings, pursuing inward-oriented policies, protecting property rights and enforcing contracts, and providing tax breaks and patents for R&D can promote productivity and growth in developing countries. Brain drain refers to the emigration of highly skilled workers from less developed countries to rich countries.

Step-by-step explanation:

The goal of increasing productivity and growth in developing countries can be achieved through several consistent public policies:

• Increasing taxes on income from savings can help incentivize investment in productive activities.
• Pursuing inward-oriented policies, such as import substitution, can promote the development of domestic industries and reduce reliance on imports.
• Protecting property rights and enforcing contracts provides a stable environment for businesses to operate and encourages investment.
• Providing tax breaks and patents for firms that pursue research and development in health and sciences can stimulate innovation and technological advancements.

The term brain drain refers to the emigration of highly skilled workers from less developed countries to rich countries. This can have negative effects on the developing countries, as they lose valuable human capital that could contribute to their own economic growth and development.