Hot Student Stories

All of these are ways a society can improve its productivity Except. A) Education B) Regulation C) Technology D) Trade

Ralph Lopez

in Social studies

1 answer

1 answer

Ramon Kelly on October 4, 2018

The answer in this scenario is the regulation (Answer B).The education results in more skilled and productive labor force, technological progress, improved efficiency and, therefore, of the productivity and trade promotes increases in productivity.Regulation, while necessary in many industries, it is a form of restriction. Often, this means that it increases the cost in the provision of goods and services, which dampens the productivity. It is important to note that the regulation is a very important tool for the protection of certain aspects or parts within an industry. For example, regulation is often in place to limit the maximum price that consumers (like you) can be accused of essential services such as energy, water, and sewer.

Add you answer