Question
Imagine you have been appointed Secretary of Economic Policy of a poor and developing nation. Now that you've been appointed, your major job is to
Imagine you have been appointed Secretary of Economic Policy of a poor and developing nation. Now that you've been appointed, your major job is to advise and recommend policies that will improve the living conditions in your country. Select an area of focus and provide:
1- 3 specific governmental policies you would create or use to improve economic conditions within your country. (At least one policy choice should include a healthcare or pharmaceutical strategy),
2- Provide your rationale for each, and how you believe they will impact your nation's economy. (Use Y=C+I+G+Nx to explain the impact for each policy.)Also explain how it impacts L, K, H, or N in the production function.
3- Additionally, discuss one potential economic challenge to implementing your strategy that affects any component in the production function: Y = A F(L, K, H, N)
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