In the Long Run,what Is the Most Important Determinant of a Nation's

question 56

Multiple Choice

In the long run,what is the most important determinant of a nation's standard of living?

• A)its ability to export cheap labour
• B)its rate of productivity growth
• C)its ability to control the nation's money supply
• D)its endowment of natural resources

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Definitions:

Happiness

A state of well-being and contentment characterized by feelings of joy, satisfaction, and fulfillment.

Attitude

Attitude refers to a settled way of thinking or feeling about someone or something, typically reflected in a person's behavior or expressed opinions.

Americans

Residents or citizens of the United States, often characterized by a diverse cultural heritage and a wide range of beliefs and practices.

Internal Locus Of Control

Occurs in people who feel they are in control of the events in their own lives.