One Country Can Have a Higher Level of Output Per

question 73

Multiple Choice

One country can have a higher level of output per worker because of:

• A) an increase in the unemployment rate.
• B) a reduction in its labour force.
• C) improvement in its available production technologies.
• D) a reduction in population.

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Definitions:

Potential Consumers

are individuals who have shown interest or possess characteristics that make them likely to purchase a product or service but have not yet become actual customers.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure free movement of people, goods, services, and capital among its members.

Trade and Customs Laws

Regulations governing the import and export of goods between countries, including duties, tariffs, and the enforcement of intellectual property rights.

Free Flow

An efficient or unobstructed movement or progress, commonly referred to in the context of ideas, goods, traffic, or energy.