Workers in one country are more productive than workers in another country because
A. they have fewer complementary factors to work with.
B. they have more complementary factors to work with.
C. they are better motivated and paid.
B. they have more complementary factors to work with.
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If wages and prices adjust rapidly, we would expect expansionary monetary policy to be
A) more likely to affect the unemployment rate. B) more likely to reduce the natural rate of unemployment. C) less likely to affect the unemployment rate. D) less likely to result in a vertical short-run Phillips curve.
In 2010, the debt-to-GDP ratio increased to roughly the same ratio as the 1990s
a. True b. False Indicate whether the statement is true or false
The part of disposable income not spent on current consumption is
A. Dissaving. B. Saving. C. Social Security taxes. D. Investment.
Suppose you have a money income of $10, all of which you spend on Coke and popcorn. In the diagram, the prices of Coke and popcorn, respectively, are
What will be an ideal response?