Which of the Following Is the Primary Source of Cross-Country

question 16

Multiple Choice

Which of the following is the primary source of cross-country differences in the real earnings of workers?

• A) differences in natural resource endowments
• B) differences in output per worker
• C) differences in the average number of hours worked
• D) differences in the share of workers that are members of a labor union
• E) access to modern technology

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Definitions:

Consumer Product

A product intended for personal use or consumption by the general public, as opposed to products designed for industrial or commercial use.

Business Product

Goods or services that are sold primarily to other businesses for use in production, resale, or operational purposes, rather than to the ultimate consumer.

Shopping Product

A type of product that consumers spend considerable time and effort in gathering information and comparing alternatives before making a purchase.

Discretionary Product

A product that consumers purchase based on personal preference and available income, as opposed to essential goods.