Which of these is a supplyside approach to increase growth I
Solution
The correct choice is :- Providing tax benefits to startup companies
Explanation : - Tax benefits given to startup companies will increase the investment and produce greater benefit for the economy in terms of a higher rate of growth , resulting in a greater reduction in unemployment.
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The correct choice is : - Retaliations from other countries
Explanation : - Mercantilism was based on the idea that only gold and silver create wealth; and exporting (worthless) goods would imply the acquisition of precious metals. Unfortunately, mercantilist empires were not willing to trade with each other, because none of them wanted to pay in gold or silver in order to receive goods. Therefore, most mercantilist countries tried to acquire colonies and they came into conflict with other countries.
