The main reason why income per capita and income per worker varies across countries is because ________
A) prices vary across countries B) currencies vary across countries
C) productivity varies across countries D) interest rates vary across countries
C
Economics
You might also like to view...
What are the macroeconomic policy implications of the rational expectations hypothesis? What should policy makers do and not do?
Economics
In the short run, a firm that is incurring losses would always be better off if it keeps producing.
Answer the following statement true (T) or false (F)
Economics
Governments grant patents to
A) encourage low prices. B) compensate firms for research and development costs. C) encourage firms to reveal secret production techniques. D) encourage competition.
Economics
If the required reserve ratio is 20 percent, the simple deposit multiplier is
A) 5.0. B) 2.5. C) 4.0. D) 10.0.
Economics