The standard of living in a nation depends on
A) how well its economy functions relative to other countries.
B) the size of the country, with larger nations always doing better than smaller ones.
C) how well the economy functions within that country.
D) whether or not its currency is adopted as the world's monetary standard.
Answer: C
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. Over 180 hazardous air pollutants are controlled by the Clean Air Act. 2. Stationary sources are those arising at a fixed site, such as power plants or factories. 3. In the United States, the set of standards for criteria pollutants are called the NESHAP. 4. Primary NAAQS are intended to protect public welfare. 5. According to the textbook application, air quality standards in the United Kingdom are identical to those in the United States.
Refer to the above table. At what quantity of labor does the law of diminishing marginal product set in ?
a. after 2 units b. after 6 units c. after 3 units d. after 1 unit
Although it has a population about half that of the United States, Japan has
A) many more banks. B) about 25 percent of the number of banks. C) more than 5000 commercial banks. D) fewer than 100 commercial banks.
In recent years, wireless cellular telephones have been replacing land-line phone service. This is an example of
What will be an ideal response?