Suppose that the average income of a Costa Rican is higher than the average income of a Guatemalan.You might conclude that
A) Costa Rican firms are faced with stricter government regulations than Guatemalan firms.
B) total income is divided among fewer workers in Costa Rica since it has a smaller labor force than Guatemala.
C) Guatemala's climate allows for longer growing seasons and therefore Guatemala can produce large quantities of grain and other crops.
D) productivity in Costa Rica is higher than in Guatemala.
Correct Answer:
Verified
Q1: The income of a typical worker in
Q7: In the United States,incomes historically have grown
Q11: A direct or positive relationship exists between
Q15: Over the past century,the average income in
Q16: The term "productivity"
A)means the same thing as
Q18: The fact that different countries experience different
Q19: The amount of goods and services produced
Q199: Productivity is defined as the
A)amount of goods
Q217: The primary determinant of a country's standard
Q230: In 2008,the average American earned about $47,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents