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Which of the Following Is True

Question 53

Multiple Choice

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:

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