Which of the following stands true for factors that affect changes in productivity across countries and over time?
A)It is more difficult to measure changes in the quality of goods than changes in the quality of services.
B)As energy prices go up, energy-efficient capital goods become obsolete.
C)It is believed that productivity grows more slowly in manufacturing industries than in services, because of the less labor-intensive nature of manufacturing industries.
D)The key to efficient production is the allocation of resources to their best use.
E)The greater the productivity, the more efficient the allocation of resources, and the more developed a country's financial market would be.

Question

Quizplus · Accepted Answer

The key to efficient production is the allocation of resources to their best use. This statement highlights the importance of resource allocation in determining productivity. The other options either make unsupported assumptions or are too specific to be considered general factors affecting changes in productivity.

Which of the Following Stands True for Factors That Affect