If the Average Income of an Australian Is Higher Than

question 202

Multiple Choice

If the average income of an Australian is higher than the average income of a Russian,it is most likely because

• A)productivity is higher in Australia than in Russia.
• B)Australia has a more industrial economy than Russia.
• C)there is more competition in Australia than in Russia.
• D)labor unions are more powerful in Australia than in Russia.

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Definitions:

Liquidity

The ease with which an asset can be converted into cash without significantly affecting its market price.

Asset Management

The practice of managing a company's assets to maximize their efficiency and value, including investments, real estate, and other physical assets.

Profitability

A measure of how effectively a company uses its resources to generate profit, typically expressed as a percentage or ratio.

Current Ratio

A liquidity ratio measuring a company's ability to pay short-term obligations with its current assets.