If the Average Income of an Australian Is Higher Than

question 118

Multiple Choice

If the average income of an Australian is higher than the average income of a Russian,what is the most likely reason

• 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)Labour unions are more aggressive in Australia than in Russia.

---

Definitions:

Trade

The exchange of goods and services between parties, which can occur within an economy or between economies, serving as a crucial aspect of economic activity and development.

Coercive Acts

A series of British laws passed in 1774 aimed at punishing the American colonists for the Boston Tea Party and restoring British authority in the colonies.

Olive Branch Petition

A final attempt by the American colonists to avoid a war with Britain by expressing their loyalty to the British crown and seeking an end to the hostilities.

Boston Harbor

A natural harbor and estuary of Massachusetts Bay, historically significant for the Boston Tea Party of 1773.