https://padlet.com/chingiskhan/cdwsrdq8vverj6bp How the policy might work in improving the quantity and quality of factors of production in the economy? How this could increase the economy’s total output? How it could improve international competitiveness? en-us 2023-05-08 05:45:03 UTC 2025-10-16 15:50:58 UTC hello@padlet.com https://padlet.com/chingiskhan/cdwsrdq8vverj6bp/wish/2581568688 a) There’s a positive correlation with skill and quantity/quality, when being trained, workers are getting more skilled which then allows them to increase productivity therefore increasing quantity.

b) when workers are trained and educated, it will improve their productive capacity which also increases the output of the economy 

c) If your workers in the country are trained well other companies will try to hire them thus increasing international competitiveness because these companies will have a demand for these particular workers]]> 2023-05-08 06:05:31 UTC https://padlet.com/chingiskhan/cdwsrdq8vverj6bp/wish/2581568688 https://padlet.com/chingiskhan/cdwsrdq8vverj6bp/wish/2581609532 2023-05-08 06:38:53 UTC https://padlet.com/chingiskhan/cdwsrdq8vverj6bp/wish/2581609532 https://padlet.com/chingiskhan/cdwsrdq8vverj6bp/wish/2581609700 2023-05-08 06:39:03 UTC https://padlet.com/chingiskhan/cdwsrdq8vverj6bp/wish/2581609700 https://padlet.com/chingiskhan/cdwsrdq8vverj6bp/wish/2581619184 1) Reducing direct taxes causes more incentives to work because they get to keep a higher proportion of income.

2) Lower direct taxes can increase the spending power of consumers and aggregate demand, leading to economic growth 

3)lowering taxes will lead to more competition from foreign enterprises ]]> 2023-05-08 06:46:51 UTC https://padlet.com/chingiskhan/cdwsrdq8vverj6bp/wish/2581619184 chingiskhan https://padlet.com/chingiskhan/cdwsrdq8vverj6bp/wish/2586321018 In your groups complete the worksheet attached.]]> 2023-05-11 01:35:03 UTC https://padlet.com/chingiskhan/cdwsrdq8vverj6bp/wish/2586321018