Each of the following is a means of increasing productivity . Discuss which groups in a society might oppose each one.
A labour-saving invention that permits all goods to be manufactured with less labour than before.
b. The removal of all government production safety rules.
c. A reduction in corporate income taxes.
d. A reduction in the stringency of environmental standards for new factorie
A labour-saving invention that permits all goods to be manufactured
with less labour than before: Will be opposed by the labor unions
as such a move would reduce labor requirements and thus increase
unemployment
b. The removal of all government production safety rules: Will be opposed by the labor unions as such a move would make the workplace riskier for the workers and thus increase their risk of death on job
c. A reduction in corporate income taxes: Will be opposed by the government, as their means of tax revenue would reduce
d. A reduction in the stringency of environmental standards for new factories: Will be opposed by the nearby residents of new factories in industrial areas as such a move would increase environmental pollution and harm the people by exposing them to the dangers of pollution
Get Answers For Free
Most questions answered within 1 hours.