Policy makers in the Canadian government have long tried to write laws that encourage growth in per capita real GDP. These laws typically do one of three things:

a. They encourage firms to invest more in research and development in order to boost technology.

b. They encourage individuals to save more in order to boost the physical capital stock.

c. They encourage individuals to invest more in education in order to boost the stock of human capital.

For each of the above three points, name a law or government program with that intention.

Instructions:You may select more than one answer. Click the box with a check mark for correct answers, and click to empty the box for the wrong answers.

a. They encourage firms to invest more in research and development in order to boost technology.

• Health savings accounts.
• unanswered
• Tax credits for R&D costs.
• unanswered
• Grants from National Science Foundation.
• unanswered
• 529 education savings accounts.
• unanswered
• Retirement savings plans.
• unanswered
• Grants from National Institute of Health.
• unanswered
• Lower tax rates on income earned through savings.
• unanswered
• Establish a system of public schools and universities.
• unanswered
• Government grants patents for inventions.
• unanswered
• Government-provided student loans.
• unanswered
• Education subsidies for veterans.
• unanswered

b. They encourage individuals to save more in order to boost the physical capital stock.

• Grants from National Science Foundation.
• unanswered
• 529 education savings accounts.
• unanswered
• Government grants patents for inventions.
• unanswered
• Establish a system of public schools and universities.
• unanswered
• Education subsidies for veterans.
• unanswered
• Government-provided student loans.
• unanswered
• Retirement savings plans.
• unanswered
• Grants from National Institute of Health.
• unanswered
• Health savings accounts.
• unanswered
• Tax credits for R&D costs.
• unanswered
• Lower tax rates on income earned through savings.
• unanswered

c. They encourage individuals to invest more in education in order to boost the stock of human capital.

• Government grants patents for inventions.
• unanswered
• Tax credits for R&D costs.
• unanswered
• Grants from National Institute of Health.
• unanswered
• Grants from National Science Foundation.
• unanswered
• Lower tax rates on income earned through savings.
• unanswered
• Retirement savings plans.
• unanswered
• Health savings accounts.
• unanswered
• 529 education savings accounts.
• unanswered
• Establish a system of public schools and universities.
• unanswered
• Government-provided student loans.
• unanswered
• Education subsidies for veterans.