The One Variable That Stands Out as the Most Significant

question 127

Multiple Choice

The one variable that stands out as the most significant explanation of large variations in living standards around the world is

• A)productivity.
• B)population.
• C)preferences.
• D)prices.

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Definitions:

Discouraged Worker

An individual who has stopped looking for employment due to the belief that there are no suitable job opportunities available.

Labor Force

The labor force constitutes all the working-age population who are either employed or actively seeking employment.

Drops Out

Leaving a course of study or institution before completion.

Unemployed Classification

The categorization of individuals who are not currently working but are actively seeking employment and are available to start work.