The primary reason the U.S. standard of living is relatively _____ is that U.S. workers produce _____ than workers throughout most of the rest of the world.
A) high; less
B) high; more
C) low; more
D) low; less
Correct Answer:
Verified
Q21: Labor productivity is a major determinant of
A)
Q22: The Rule of 70 states that the
Q23: For which growth rate would the Rule
Q24: Which occurrence is the key explanation for
Q25: When the government enforces contracts between two
Q27: Labor productivity is NOT a major determinant
Q28: If the growth rate in an economy
Q29: The Index of Economic Freedom shows that
Q30: Protection of property rights is
A) not part
Q31: Improvements in technology
A) explain most of the
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