In general, countries with lower rates of growth of labor productivity have

a. lower levels of productivity.
b. higher levels of productivity.
c. lower levels of educational attainment.
d. higher levels of natural resource endowments.

b

Economics

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Comparative advantage leads to producing at a:

A) higher opportunity cost. B) lower opportunity cost. C) higher dollar cost. D) point where costs just begin to fall.

Economics

If the local slaughterhouse gives off an unpleasant stench, then the equilibrium quantity of meat will be ________ the quantity that maximizes total economic surplus.

A. lower than B. higher than C. equal to D. more equitable

Economics