To what do economists attribute the rapid growth of labor productivity in the United States relative to other countries?
A) the flexibility of U.S. labor markets and the efficiency of the U.S. financial system
B) the high level of unemployment benefits the United States pays relative to other countries like Canada
C) the strict government rules in the United States that regulate a firm's ability to hire and fire workers
D) the low rate of job mobility in the United States
A
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You are tearing down a building and find $1 in change that someone lost when working on the building 140 years ago. If, instead of being careless with the $1 in change, this person had deposited it into a bank and earned 2 percent interest every year for 140 years, how much would be in the account today according to the rule of 70?
a. $4 b. $8 c. $16 d. $32