Which of the Following Is Not Correct

question 153

Multiple Choice

Which of the following is not correct?

• A)Countries that have had higher output growth per person have typically done so without higher productivity growth.
• B)A country's standard of living and its productivity are closely related.
• C)Productivity refers to output produced per hour of work.
• D)Increases in productivity can be used to increase output or leisure.

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Definitions:

Manufacturing Sector

The manufacturing sector is composed of businesses that engage in the transformation of goods, materials, or substances into new products, using mechanical, physical, or chemical means.

International Markets

Marketplaces that extend beyond a country's borders, allowing companies to engage in trade, investment, and economic activities on a global scale.

Undervalued Currency

A currency that is considered to be traded for less than its inherent economic value.

Dollarization

Dollarization occurs when a country adopts the US dollar as a parallel or exclusive currency in its economy, either officially or unofficially, to stabilize the economy.