Almost all variation in living standards in different countries
A)is attributable to variations in productivity.
B)is attributable to differences in countries' endowments of natural resources.
C)is attributable to differences in climate.
D)is attributable to variation in population sizes.

Question

Quizplus · Accepted Answer

Productivity, or the ability to produce goods and services efficiently, is a key factor in determining living standards. Countries with higher levels of productivity can produce more goods and services, leading to higher incomes and a higher standard of living for their citizens. While natural resources and climate can also affect living standards, they are not the primary factor, as some countries with abundant natural resources or favorable climates still have low living standards due to low productivity. Variation in population sizes may affect a country's economic growth and development, but it is not the sole determinant of living standards.

Almost All Variation in Living Standards in Different Countries