A nation's standard of living is determined by
a. the percentage of its GDP that is accounted for by government purchases.
b. the quantity of natural resources with which it is endowed.
c. the productivity of its workers.
d. factors and events that are beyond the nation's control.
c
Economics
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If oranges were found to cure cancer,
A) the equilibrium price of apples would likely fall. B) the equilibrium price of oranges would likely increase in the near term. C) the equilibrium quantity of oranges would likely increase. D) All of the above.
Economics
The slope of a line parallel to the vertical axis is:
a. 1. b. 0. c. infinite. d. undefined.
Economics