🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
1
answer
0
watching
257
views

What is the most important factor that explains differences in living standards across countries?
A. The level of unemployment.
B. Equality.
C. The quantity of money.
D. Productivity.
 

Watch
1
answer
0
watching
257
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Mahe Alam
Mahe AlamLv10
15 Mar 2021

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

What is the most important factor that explains differences in living standards among countries?

a. labor unions
b. minimum wage laws
c. productivity
d. efficiency?

1. Evaluate the following two statements. (1) The Ricardian model predicts wages across countries are correlated with labor productivity differences. (2) In the data, there is a correlation between wages and productivity at the national level.

A. Both are true

B. Both are false

C. (1) Is false and (2) is true

D. (1) is true and (2) is false

2. Does the Ricardian model imply that it is bad to trade with low wage countries?

A. Yes, lower prices will not benefit high wage countries

B. Yes, trade with low-wage countries will translate to lower wages at home.

C. No, rich countries only sometimes lose when trading with poor countries.

D. No, wages at home are reflective of the home country’s labor productivity.

E. (A) and (B) are true

10. Much of the existing heterogeneity across countries ultimately derives from A. different levels of knowledge capital across countries B. different intelligence levels across races C. differences in natural capital endowments D. cultural differences

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in