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which of the following measures does not help promote technological progress?

Apart from giving support for basic science and technology, the government can encourage technological development through industrial policy.
Alternatively, raising taxes to reduce deficit or increase the surplus will also increase national saving by forcing people to consume less. Due to borrowing constraints, private companies, especially start-up firms, may have difficulty in obtaining enough financing for some projects. In general industrial policy is not desirable because, in choosing industries to target, governments have frequently backed the wrong industries; the costly attempt to develop those industries which are unlikely to show much promise in the long run. In the first figure (4) the country A concentrates on accumulation of more capital resources while in second figure 5, country B focuses attention on technological aspects but does not regulate the accumulation of capital. Reduction in Government Regulation 6. The innovative company may thus enjoy only some of the total benefits of its breakthrough while bearing the full development cost. In spite of these we cannot deny the importance of raising the saving rate. Basic scientific research is always beneficial from society’s point of view. Highways linking one state with others reduce the cost of transporting goods and stimulate tourism and other industries. No doubt personal and business tax cut should increase aggregate supply and, therefore, produce non-inflationary real output growth. For developing countries, access to technology can have many benefits — one such improvement being the boost of a nation’s economy. The government can affect human capital development through educational policies, worker training and health programmes. What governments want is to replicate Silicon Valley and the formation and growth of what have been described as “entrepreneurial ecosystems”. So the government should make more investment on such policy. In addition, the investment tax credit for certain types of equipment can be increased to encourage capital formation. This is largely a matter of incentives. Spillovers occur when one company’s innovation — say, the development of an improved computer memory chip — generates aggregate supply externality, i.e., it stimulates a flood of related innovations and technical improvements by other companies and industries. Companies using formalized methodologies continually gather and monitor marketing data to understand where the marketing plan is strong and where it needs improvement.
However, the Barro-Ricardo equivalence theorem suggests that tax increases without changes in current or planned government purchases do not affect consumption or national saving. Personal income tax cuts increase personal saving. The removal of National Curriculum Levels as mandatory assessment measures in English schools presents teachers - many of whom have not known any other way of assessing and monitoring their pupils - with uncertainty around how to judge pupils’ mastery of knowledge and concepts. So there is a case for a ‘stimulus package’ consisting of public investment in infrastructure, worker retraining and partnership between business and government to move resources from ‘sunset’ industries (i.e., industries losing comparative advantage) to sunrise industries (i.e., industries gaining comparative advantage). This amounts to negative public savingThe government can also affect national saving by influencing private saving — saving of the household sector and the corporate sector (i.e., retained earnings of corporations). The following points highlight the six main public policies to promote Economic Growth.

It has allowed the country to excel in producing the fourth factor of production, capital equipment. For at least two reasons free markets fail to allocate resources in case of high technology, viz., (i) borrowing constraints and (ii) spillovers.

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