If the share of population employed in two countries is the same, average living standards will be higher in the country with:
A. higher average labor productivity.
B. lower average labor productivity.
C. the larger population.
D. the smaller population.
Answer: A
Economics
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S & S Backhoe Service in Ozark, Arkansas rents backhoes and other heavy equipment to local construction companies. What determines the demand for backhoes in Arkansas?
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Explain the distinction between a command system and an incentive system
What will be an ideal response?
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