What Explains the Differences in Standards of Living Across Countries

question 33

Multiple Choice

What explains the differences in standards of living across countries?

• A) different employment levels
• B) different climates
• C) free trade agreements
• D) different barriers to technology adoption
• E) barriers to foreign capital flows

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Definitions:

Population

The entirety of individuals inhabiting an area or making up a particular group.

New York

A state in the Northeastern United States, known for its cultural, financial, and media impact worldwide, with its largest city, New York City, often described as the financial capital of the world.

19th Century

The period from 1801 to 1900, characterized by industrialization, imperial expansion, and significant social and political changes globally.

Politicians

Individuals who are actively involved in politics, especially those holding or seeking elected positions within government.