Which of the following is true?
A) Productivity is hours worked divided by output produced.
B) Americans have a higher standard of living than Indonesians because American workers are more productive than Indonesian workers.
C) Trends in the market prices of most resources indicate that they have become increasingly scarce over time.
D) All of the above are correct.
Correct Answer:
Verified
Q34: Which of the following is a correct
Q42: The saws,lathes,and drill presses that woodworkers at
Q48: Real Foods produced 300,000 boxes of organic
Q109: Which of the following would not be
Q122: Which of the following is a determinant
Q125: Consider two countries.Country A has a population
Q130: Dilbert's Incorporated produced 5,000,000 units of accounting
Q139: In one day Alpha Cabinet Company made
Q153: The equipment and structures available to produce
Q156: The inputs used to produce goods and
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