Which of the following stands true for factors that affect changes in productivity across countries and over time?

Question

Quizplus · Accepted Answer

The statement "The key to efficient production is the allocation of resources to their best use" is a well-established principle of economics and is critical for achieving high productivity levels.

Answer: A 
 Measuring changes in the quality of goods is more difficult than measuring changes in the quality of services, as the quality of goods is often more subjective and difficult to quantify.

Answer: E 
 The statement "The greater the productivity, the more efficient the allocation of resources, and the less developed a country's financial market would be" is not accurate. A more productive economy may result in a more efficient allocation of resources, but it does not necessarily mean that the country's financial market is less developed. The development of a country's financial market depends on a range of factors, including government policies, institutional frameworks, and investment flows.

Therefore, the correct answers are D and A.

Which of the Following Stands True for Factors That Affect