Suppose, as a policymaker, that you could order a single change to reduce the incidence of poverty. Which of the following changes is most likely to be effective? Group of answer choices Engineering a sustained period of economic growth Increase the minimum wage Increase taxes on the rich and redistribute it to the poor. Streamlining governmental regulations to ease the burden on business Winning the war on crime and illegal drug use

Question

Mia Doyle

Business

6 May, 21:57

Suppose, as a policymaker, that you could order a single change to reduce the incidence of poverty. Which of the following changes is most likely to be effective? Group of answer choices Engineering a sustained period of economic growth Increase the minimum wage Increase taxes on the rich and redistribute it to the poor. Streamlining governmental regulations to ease the burden on business Winning the war on crime and illegal drug use

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Yuliana Wiley · Answer 1

The correct answer is letter "A": Engineering a sustained period of economic growth.

Explanation:

Engineering a sustained period of economic growth implies generating more job positions, providing facilities for private investments, incentivizing exports, and boosting consumer spending keeping the prices level stable as well as the interest rate. It is a stage difficult to achieve that requires planning and taking correct decisions in front of the unexpected events that arrive in an economy.

If those objectives are reached, poverty is likely to be reduced.