If Average Labor Productivity in Two Countries Is the Same

question 123

Multiple Choice

If average labor productivity in two countries is the same, average living standards will be higher in the country with:

• A)the smaller population.
• B)the larger population.
• C)the higher share of population employed.
• D)the lower share of population employed.

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Definitions:

Moral Standards

Moral standards are principles that govern an individual's behavior or the conducting of an activity, especially regarding right and wrong.

Ethical Decisions

Choices made based on moral principles and values, aiming to do what is right and fair in a given situation.

Code of Ethics

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.