When the productivity of organizations in a country improves, people
A) are forced to buy goods and services at higher prices.
B) get goods and services at lower prices.
C) end up paying for services that are taxed at higher rates.
D) get lower wages from their employers.

Question

Quizplus · Accepted Answer

When the productivity of organizations in a country improves, it means they are able to produce more goods and services with the same amount of resources, leading to lower production costs. This, in turn, leads to lower prices for consumers, making goods and services more affordable. Therefore, option B is correct. A, C, and D are incorrect, as an improvement in productivity does not necessarily lead to higher prices, higher taxation, or lower wages.

When the Productivity of Organizations in a Country Improves, People