A decline in productivity shrinks a nation's available resources so that any one person's increase in wealth can come only at the expense of others in the society.

Question

Quizplus · Accepted Answer

When productivity declines, the total output of the nation decreases, which means there are fewer resources available for everyone. In such a situation, any increase in wealth for one person means fewer resources for others, resulting in a redistribution of wealth within the society.

A Decline in Productivity Shrinks a Nation's Available Resources So