The main reason that the United States has such a high standard of living is

A) low unemployment.
B) high average labor productivity.
C) low inflation.
D) high government budget deficits.

B

Economics

You might also like to view...

Within the framework of economics, optimization means providing a good or service until

a. total benefits are maximized. b. total benefits and total costs are equal. c. marginal benefits exceed marginal costs by the greatest amount possible. d. marginal benefits and marginal costs are equal. e. as long as total benefits are greater than total costs, any amount may be optimal under the right circumstances.

Economics

While unions represent only a fraction of the unskilled workers in the U.S. labor market, any wage increase won by unionized workers is most likely shared with non-union unskilled workers

a. True b. False Indicate whether the statement is true or false

Economics